Autonomous expenditure times the multiplier equals
A) autonomous consumption. B) equilibrium GDP.
C) autonomous saving. D) planned autonomous investment.
B
Economics
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Figure 10-1
At which point in is the economy experiencing an economic recession?
a.
A
b.
B
c.
C
d.
D
Economics
A problem associated with import substitution as an industrial policy is:
A. it often stays in place long after it was expected to lapse. B. it removes the incentive for industries to be efficient. C. industries are often chosen for political, not economic, reasons. D. All of these are problems associated with import substitution policy.
Economics