If investment increases by $100, then the aggregate expenditure model concludes that equilibrium expenditure
A) increases by $100.
B) increases by less than $100.
C) decreases by $100.
D) remains unchanged.
E) increases by more than $100.
E
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With respect to prices, at the macroeconomic level attention is focused on relative prices, while at the microeconomic level attention is focused on absolute prices
Indicate whether the statement is true or false
Which of the following is true of technology?
a. Technological improvements are less important today than was true in the past. b. Lack of access to modern technology is a major barrier restraining the growth of low-income countries. c. Often, perverse institutions and policies in low-income countries undermine the potential gains from adoption of modern technology. d. Countries with high investment rates will be unable to apply modern technology effectively.