Any change that reduces desired saving relative to desired investment (for a given level of output) causes the real interest rate to ________ and shifts the IS curve ________
A) increase; down and to the left
B) increase; up and to the right
C) decrease; down and to the left
D) decrease; up and to the right
B
Economics
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When the share of government spending in GDP increased in the United States during World War II
A) investment's share of GDP fell. B) investment's share of GDP increased. C) government spending was crowded out. D) consumption's share of GDP increased.
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What is the marginal technical rate of substitution?
What will be an ideal response?
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