Multiple Choice
Technological progress will:
A) shift the investment schedule downward and increase the level of employment.
B) shift the investment schedule downward and decrease the level of employment.
C) increase unplanned investment in inventories.
D) shift the investment schedule upward and increase the equilibrium level of GDP.
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Assume that for the entire business sector
Q3: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6686/.jpg" alt=" Refer to the
Q4: Which of the following equations represents the
Q5: Following is consumption schedules for three private
Q6: The multiplier effect:<br>A)reduces the MPC.<br>B)magnifies small changes
Q8: Following is consumption schedules for three private
Q9: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6686/.jpg" alt=" Refer to the
Q10: Which of the following is likely to
Q11: The saving schedule shown in the diagram
Q12: If Smith's disposable income increases from $1,200