Multiple Choice
Based on our understanding of the model presented in Chapter 3,we know with certainty that an equal and simultaneous reduction in G and T will cause
A) an increase in output.
B) no change in output.
C) a reduction in output.
D) an increase in investment.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Which of the following equals demand in
Q2: Equilibrium in the goods market requires that<br>A)production
Q3: Suppose business confidence decreases causing a reduction
Q4: An increase in taxes will cause<br>A)a reduction
Q5: Discuss and explain what effect a reduction
Q7: An increase in the marginal propensity to
Q8: Based on our understanding of the model
Q9: Which of the following represents total saving
Q10: Inventory investment refers to<br>A)the difference between production
Q11: Based on our understanding of the model