Aggregate output is ________ related to autonomous consumer expenditure, and is ________ related to planned investment spending
A) negatively; negatively
B) negatively; positively
C) positively; negatively
D) positively; positively
D
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Marginally attached workers
A) are not looking for work but indicate that they want and are available for a job and have looked for work sometime in the past 12 months. B) are working part-time, but they want full-time work. C) don't have jobs and are pessimistic about their chances of finding a suitable job. D) have a bad attitude towards work.
Which of the following statements about government borrowing is not true?
A. It provides the government the ability to maintain spending levels during economic downturns B. "Crowding out" of private investments is a major opportunity cost of government borrowing C. Its opportunity cost is likely to be quite high during an economic downturn D. A bigger budget deficit will result in a bigger amount of government borrowing