Multiple Choice
Fluctuations in investment:
A) account for almost all of the variability in gross domestic product (GDP) only during expansions.
B) account for little of the variability in gross domestic product (GDP) .
C) account for almost all of the variability in gross domestic product (GDP) only during recessions.
D) are larger during expansions than during recessions.
E) account for more of the variability in gross domestic product (GDP) than consumption.
Correct Answer:
Verified
Correct Answer:
Verified
Q5: An increase in autonomous investment in an
Q6: As disposable income increases,_.<br>A)consumption and saving both
Q7: Which of the following is least likely
Q8: The consumption function assumes that:<br>A)only disposable income
Q9: Which of the following best describes aggregate
Q11: If the marginal propensity to consume (MPC)is
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