If autonomous investment spending falls as a result of a decline in the expected rate of return on investment, GDP would not have to fall if the government __________ taxes or __________ government spending

A) increased; increased
B) increased; decreased
C) decreased; increased
D) decreased; decreased

C

Economics

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In monopolistic competition, there are ________

A) many firms selling products for which no good substitutes exist B) many firms selling similar but slightly different products C) many firms, each selling an identical product D) a small number of firms, each selling an identical product

Economics

What must be true in terms of the income effect, the substitution effect, and the type of good for the good's demand curve to be upward sloping?

What will be an ideal response?

Economics