Suppose the consumption equation is represented by the following: C = 250 + .75YD. Now assume government spending increases by 100 for the above economy. Given the above information, we know that equilibrium output will increase by

In the long-run, according to loanable funds theory, the real interest rate is determined by

A. saving and investment B. demand and supply for money C. demand and supply for labor D. aggregate demand and supply

If Stimpson University increases tuition in order to increase its revenue, it will

a. not be successful if the demand curve slopes downward b. be successful if demand is elastic c. be successful if demand is inelastic d. be successful if supply is elastic e. be successful if supply is inelastic