Capital deepening causes ________ in the demand for labor
A) a decrease B) an increase
C) no change D) either an increase or decrease
B
Economics
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Everything else held constant, if aggregate output is to the ________ of the IS curve, then there is an excess demand of goods which will cause aggregate output to ________
A) right; fall B) right; rise C) left; fall D) left; rise
Economics
In the simple Keynesian model, if the equilibrium level of income is $300 billion, the MPC is 0.75, and government expenditures increase by 20 billion. What is the new equilibrium level of income?
a. $320 billion b. $380 billion c. $220 billion d. $520 billion
Economics