In the Keynesian model, a $5 billion decrease in investment leads to ________ in equilibrium output.
A. a $5 billion decrease
B. no change
C. a $5 billion increase
D. a greater than $5 billion decrease
Answer: D
Economics
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Between two indifference curves, the one on the right indicates:
A) the same level of utility as the one on the left. B) the same bundle of goods as the one on the left. C) a higher level of utility than the one on the left. D) a lower level of consumer income than the one on the left.
Economics
The Polaroid corporation earned a patent for its instamatic camera in the 1960s. If the constitutional length of patent protection is 20 years, why do you believe Polaroid's effective use of its patent ended much earlier?
What will be an ideal response?
Economics