Which equation is a plausible aggregate demand curve?
A) ? = 2 + 0.3Y
B) Y = 50 - 1.25?
C) Y = 250 - 80r
D) ? = 5 - 0.4 (U – 6 )
E) none of the above
B
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The 3 approaches to measuring GDP are called the
A. accounting approach, income approach, and expenditure approach B. product approach, cost approach, and expenditure approach C. product approach, income approach, and expenditure approach D. accounting approach, statistical approach, and income approach
Suppose that a change in the fiscal/monetary policy mix shifts the IS and LM curves downward by exactly the same amount. The ________ in national saving is accompanied by ________ domestic investment due to the ________ in the interest rate
A) fall, equally lower, lower B) fall, unchanged, unchanged C) rise, unchanged, unchanged D) rise, equally higher, lower E) rise, equally lower, higher