With respect to the demand side, the classical model excludes
a. exogenous changes in investment
b. exogenous changes in government spending.
c. exogenous changes in taxes.
d. exogenous changes in money demand.
e. All of the above
E
Economics
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The expected profit from an investment will change with
A) a change in the real interest rate. B) a change in technology. C) Both A and B are correct. D) Neither A nor B is correct.
Economics
If the demand for a product increases as the result of a decline in income, it can be concluded that the
a. product is an inferior good. b. demand for the product is inelastic. c. price elasticity of demand for the product equals unity. d. demand for the product is elastic.
Economics