The above table has data from the nation of Atlantica. Based on these data, the amount of autonomous consumption is
A) $7.5 trillion. B) $0.5 trillion. C) $6.0 trillion. D) $1.0 trillion. E) $1.5 trillion.
E
Economics
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Which of the following is a simplifying assumption associated with the short-run Keynesian model of equilibrium real Gross Domestic Product (GDP) determination?
A) Gross private domestic investment exceeds net private domestic investment. B) Most business profits are distributed to shareholders. C) Businesses pay indirect taxes. D) There is no depreciation.
Economics
According to adaptive expectations theory, expansionary monetary and fiscal policies to reduce the unemployment rate are:
a. useless in the long run. b. useless in the short run. c. ineffective on the price level. d. None of these.
Economics