Investment depends on the ________ interest rate because higher inflation will ________ the value of the dollars with which the firm will repay the loan.

The fraction of a change in disposable income that is consumed is called _____

a. autonomous consumption b. induced consumption c. the multiplier d. the marginal propensity to consume e. the marginal propensity to save

If the price of a good in a closed economy is greater than the world price, then if the country opens its markets to world trade the country will be a ________ of that good.

A. producer B. net exporter C. importer and exporter D. net importer