The increase in income generated by the additional government expenditure decreases the demand for money
Indicate whether the statement is true or false
FALSE
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If GDP grows at a rate of 3% per year, approximately how long will it take for GDP to double in size?
A) 12 years B) 21 years C) 23 years D) 35 years
Which of the following actions did Congress take in the 1930s, in an effort to prevent future financial crises like the stock market crash of 1929?
A. Glass-Steagall Banking Act B. Bubble Act C. Hastings Banking Act D. Formation of the CBO (Congressional Budget Office)
The summation of all individual firm marginal cost curves above the minimum of the average variable cost curve:
A. is the market shut-down point. B. is the market demand curve. C. is the market marginal revenue curve. D. is the market supply curve.
Refer to the information provided in Table 36.3 below to answer the question(s) that follow. Table 36.3 PointAggregate Income (Y)Aggregate Consumption (C) A 15 19 B 30 23 C 45 27 D 60 31 E 75 35 F 90 39The data in the table was used to estimate the following consumption function: C = 20 + 0.2YRefer to Table 36.3. The error for point E is equal to
A. -2. B. 0. C. +1. D. +3.