A permanent reduction in planned real investment spending leads to
A) a more than proportional increase in real GDP.
B) a more than proportional decrease in real GDP.
C) a less than proportional decrease in real GDP.
D) a proportional decrease in real GDP.
B
Economics
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Dumping is defined as
A) selling a good abroad at prices above the costs of the firms in the foreign countries. B) exporting goods that are of inferior quality. C) selling a good abroad at prices below its cost of production or below the price charged in the home market. D) exporting goods that are sources of pollution.
Economics
In both a monopolistically competitive market and a pure monopoly market, firms
A) can make long-run profits. B) set price greater than marginal cost. C) are protected by entry barriers. D) advertise extensively.
Economics