According to the simple macroeconomic model presented in Chapter 3, which of the following will not be caused by an increase in government spending?
A. an increase in interest rate
B. a decrease in consumption
C. a decrease in investment
D. an increase in government debt
Ans: B. a decrease in consumption
Economics
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The Latin phrase ceteris paribus means that when a relationship between two variables is being studied
A) neither of those two variables is allowed to change. B) both are treated as unpredictable. C) we recognize that some factors are unknown. D) all other variables are held fixed.
Economics
A firm maximizes its profit by selling 2,500 units of output with an average revenue of $6.99 . The firm's marginal cost at 2,500 units of output is __________
Fill in the blank(s) with correct word
Economics