If Y = $100 billion, then C = $50 billion, and I = $60 billion. What will autonomous investment be when Y = $200 billion and C = $100 billion?
a. $50 billion
b. $60 billion
c. $100 billion
d. $120 billion
e. $200 billion
b
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The rationale behind patents is that if inventors and artists cannot secure the returns from successful projects, fewer new inventions and works of art will be produced
Indicate whether the statement is true or false
If firms do not earn economic profits in a competitive equilibrium, then why would the firms choose to stay in business?
What will be an ideal response?
If interest rates in the U.S. are higher than elsewhere, it will cause
a. the demand for dollars to decrease b. the supply of dollars to increase c. the exchange value of the dollar in relation to other currencies to fall d. the dollar to depreciate e. the demand for dollars to increase
Compared to the United States, over the last three decades unemployment in Western Europe is ________ and the rate of job creation is ________.
A. lower; slower B. higher; slower C. lower; faster D. higher; faster