In the basic closed-economy ISLM model, the IS curve can be described by an equation where
A) output is a function of consumption.
B) money is a function of interest rates.
C) output is a function of money.
D) output is a function of interest rates.
D
Economics
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The growth accounting equation suggests that the growth rate of output is equal to the growth rate of ________
A) total factor productivity plus the contributions of both capital and labor B) total factor productivity minus the rate of depreciation C) capital and labor D) the overall population
Economics
How is a compensated demand curve different from an ordinary demand curve? Why must the law of demand always hold for one while it may be violated for the other?
What will be an ideal response?
Economics