In constructing the planned autonomous demand schedule, which two components are assumed to depend on the interest rate?
A) government expenditures and net exports
B) government expenditures and net taxes
C) autonomous consumption and autonomous planned investment
D) autonomous consumption and net exports
E) government expenditure and autonomous planned investment
C
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A lobbyist for the coal industry asks Congress to limit environmental constraints on coal-burning plants. This is an example of
a. the median-voter model b. rent seeking c. perfect competition d. monopoly e. public-interest legislation
In the long run, there is a tradeoff between inflation and unemployment
a. True b. False
By downsizing, a firm attempts to operate on a smaller scale of operation
Indicate whether the statement is true or false
Define the following terms and explain their importance to the study of macroeconomics: a. open economy b. closed economy c. budget deficits and trade deficits d. international capital flows
What will be an ideal response?