For an investment to be considered autonomous, it must
A) be negatively related to the interest rate.
B) increase as the level of income increases.
C) include fixed components.
D) be independent of the level of real disposable income.
D
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A ________ traces out the behavior of the economy over time
A) dynamic equilibrium B) static equilibrium C) steady-state equilibrium D) comparative equilibrium
An advance in technology commonly refers to the ability to produce
A) the same output with a smaller quantity of resources. B) more output with a fixed quantity of resources. C) more output with a greater quantity of resources. D) both a and b E) both b and c
Most savers:
A. lend their money directly. B. deposit their savings into banks, retirement accounts, and life insurance companies. C. do not use proxies to decide who to lend their money to. D. All of these are true.
The type of labor agreement that requires workers to be union members prior to being considered for employment is a
A) right-to-work agreement. B) closed-shop agreement. C) union shop agreement. D) open-shop agreement.