Investment spending at any level of national income is the investment producers
a. actually make
b. expected to make
c. expect to make
d. make net of actual investment
e. intend to make
E
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Excise taxes are
A. really income taxes in disguise. B. profits taxes on major corporations. C. per-unit taxes on specific goods. D. percentage taxes on sales revenues.
How does a government-sponsored good differ from a public good?
What will be an ideal response?
If the exchange rate between the United States and India changes from $1 = 60 rupees to $1 = 10 rupees, ceteris paribus
A. the trade deficit in the United States increases. B. the United States imports from India increase. C. the United States exports to India increase. D. Indian exports to the United States increase.
An income tax leads to double taxation on saving only if consumption is the measure to gauge a person's ability to pay.
Answer the following statement true (T) or false (F)