Multiple Choice
Which of the following could cause equilibrium GDP to fall?
A) an increase in autonomous investment
B) a downward shift in the saving function
C) an increase in amounts saved along an existing saving function
D) a downward shift in the consumption function
E) an increase in the nation's population
Correct Answer:
Verified
Correct Answer:
Verified
Q29: The following question are based on the
Q30: The 45-degree line represents points of equality
Q31: The slope of the consumption function is
Q32: An upward shift in the consumption function
Q33: If an economy is operating at a
Q35: An autonomous investment change of $2 billion
Q36: If total intended spending is greater than
Q37: An increase in autonomous investment spending initially
Q38: The interest rate<br>A) equals the expected rate
Q39: The irregularity of the innovation rate<br>A) primarily