The ultimate result of the multiplier-accelerator interaction is a(n)
a. lengthy period of economic growth and prosperity similar to the one experienced in the 1990s
b. prosperity at an annual growth rate of about three percent, which is the rate of growth of full employment GDP
c. noninterventionist government countercyclical fiscal policy
d. need for the economy's rate of growth to grow or at least remain constant otherwise a positive but slower growth rate can spark an economy's downturn
e. need for the economy to maintain its current level of consumption to justify the increased level of capital stock
D
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If the demand curve for a commodity faced by sellers is highly elastic, buyers have greater ability to substitute away from it
Indicate whether the statement is true or false
A British importer buying American wheat would pay for his purchases in __________.
Fill in the blank(s) with the appropriate word(s).