In the simplest Keynesian expenditure model, which of the following is fixed to allow for easy evaluation of changes in demand due to real income?
a. the price level
b. interest rates
c. tastes and preferences
d. future expectations
a
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In 2012, which of the following countries had the highest share of investment spending in GDP?
A) China B) France C) the United States D) Germany
Which of the following is(are) indexed to inflation?
A. Standard deduction B. Employer contributions to pensions C. Gifts and inheritances D. None of the answer options are correct.
If an investor's primary stock holding is currently Exxon Mobil, the purchase of which of the following stocks would provide the investor with the largest reduction in risk?
A) Wal-Mart B) Chevron C) Texaco D) Shell Oil Corporation
Figure 10-3
?
When the economy represented in Figure 10-3 has completed the self-correcting adjustment process, the expenditure line in graph (a) will be
A. flatter. B. steeper. C. higher. D. lower. E. unchanged.