Starting from long-run equilibrium, a decrease in autonomous investment results in ________ output in the short run and ________ output in the long run.

Which of the following is the most liquid asset?

A) season tickets to the Yankees' games B) the cash that your Aunt Ursula stuffs in her mattress C) a $5,000 6-month certificate of deposit (time deposit) D) one hundred shares of IBM stock

The paradox of thrift tells us that even though people try to save more, they end up saving

a. no more than they did before and maybe even less depending on the shape of the investment curve b. no more than they did before and maybe even less depending on the shape of the consumption curve c. no more than they did before and maybe even less depending on the shape of the saving curve d. no more than they did before and maybe even less depending on the shape of the national income curve e. even more than they anticipated because thrift is always good