According to the classical model, investment
A. is influenced by the money illusion at low income levels.
B. is inversely related to the interest rate.
C. is a function of real GDP.
D. is a function of the nominal GDP.
Answer: B
Economics
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Models are simplifications that are used to observe the workings of a system
a. True b. False Indicate whether the statement is true or false
Economics
Which one of the following about a monopoly is false?
A) A monopoly could make profits in the long run. B) A monopoly could break even in the long run. C) A monopoly must have some kind of government privilege or government imposed barrier to maintain its monopoly. D) A monopoly status could be temporary.
Economics