In classical IS—LM analysis, the effects of a decline in desired investment include
A) a decline in output.
B) an increase in the price level.
C) a decline in the real interest rate.
D) an increase in unemployment.
C
Economics
You might also like to view...
Goods that are nonrival and nonexcludable are called
A) external goods. B) public goods. C) private goods. D) free goods.
Economics
Refer to Figure 2-12. What is the opportunity cost of producing one gallon of honey in Tahiti?
A) 1 1/3 gallons of milk B) 0.9 gallons of milk C) 5/6 of a gallon of milk D) 1.2 gallons of milk
Economics