Multiple Choice
Investment
A) is about as volatile as consumption,except during recession years
B) has averaged about one-sixth of GDP over the past decade
C) is about as volatile as GDP,except during recession years
D) is the largest component of aggregate spending
E) has averaged about two-thirds of GDP over the past decade
Correct Answer:
Verified
Correct Answer:
Verified
Q103: The inverse of the slope of the
Q104: If a household's income falls from $26,000
Q105: If autonomous net taxes increase by $10
Q106: If investment is autonomous,which of the following
Q107: The MPC plus the MPS equals<br>A)0.5<br>B)the multiplier<br>C)the
Q109: If disposable income decreases,there is typically a
Q110: The most important determinant of a household's
Q111: As disposable income increases,saving decreases.
Q112: All of the following,except one,are characteristics of
Q113: The marginal propensity to consume<br>A)is the proportion