In the income-expenditure model, if autonomous saving increases by $15 billion, _____
a. the aggregate expenditure line shifts upward by $15 billion
b. planned investment increases by $15 billion
c. the aggregate expenditure line shifts downward by $15 billion
d. planned investment decreases by $15 billion
e. the equilibrium level of real GDP demanded decreases by $15 billion
c
Economics
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During the Chinese experience with pegging the yuan to the dollar, the yuan was ________. As a result, there was a ________ of dollars on the market, and the Chinese government had to purchase dollars to maintain the peg
A) undervalued; shortage B) undervalued; surplus C) overvalued; shortage D) overvalued; surplus
Economics
What is "asymmetric information"?
What will be an ideal response?
Economics