Using the simple Keynesian model with a consumption function of C = 200 + .9Y, an $10 change in desired investment leads to a change in equilibrium income of
A) $10.
B) $100.
C) $20.
D) $90.
B
Economics
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A) a nonmonetary accounting cost. B) a cost that involves spending money. C) a nonmonetary opportunity cost. D) a cost that does not change as output changes.
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The Southern economy ________________ from the damages of the Civil War.
A. quickly recovered B. experienced no lingering effects C. suffered decades of economic transition
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