In a mixed closed economy:
A. government purchases and saving are injections, while investment and taxes are leakages.
B. taxes and government purchases are leakages, while investment and saving are injections.
C. taxes and savings are leakages, while investment and government purchases are
injections.
D. taxes and investment are injections, while saving and government purchases are leakages.
C. taxes and savings are leakages, while investment and government purchases are
injections
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When GDP is measured in "current prices" it is known as the
A) real GDP. B) nominal GDP. C) real GNP. D) nominal GNP.
A fall in autonomous investment will shift the
a. IS curve to the right toward higher interest rates and output. b. LM curve to the right towards lower interest rates and higher output. c. IS curve to the left towards higher interest rates and output. d. None of the above