Which of the following will cause the investment function to shift upward?
a. A decrease in government subsidies to businesses
b. An increase in business profits
c. A decline in capacity utilization
d. Expectations of higher business taxes
e. An increase in the market rate of interest
b
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________ is the market value of final goods and services produced in a country in a given period of time?
A) Gross national product B) Gross domestic product C) Net national product D) Net domestic product
Explain what social overhead capital is
What will be an ideal response?
If a prisoners' dilemma game is played repeatedly, what punishment strategies might the players employ and how does playing the game repeatedly change the equilibrium?
What will be an ideal response?
Keynes believed that the instability in income was caused by variability in
a. investment. b. taxes. c. consumption and savings. d. government spending.