The horizontal investment curve used to derive the TE curve implies that investment is
A) directly related to Real GDP.
B) indirectly related to Real GDP.
C) independent of Real GDP.
D) sometimes directly and sometimes indirectly related to Real GDP, depending upon whether it is planned capital or planned inventory investment.
C
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All charitable donations in Richland are tax-deductible. However, it was found that the volume of charitable contributions declined significantly when the income tax rate in Richland was lowered
What is the reason behind such an outcome? Explain with an example.
Which of the following type of funds cater to wealthy individuals, are not bound by government regulations, and are actively traded in foreign exchange markets?
A) pension funds B) mutual funds C) hedge funds D) exchange funds
Between 1860 and 1920, the number of mouths fed per farmer
a. decreased by about 10 percent. b. initially decreased, but then returned to its former level and remained there. c. increased by about 50 percent. d. nearly doubled.
The slope of an indifference curve
A. is the rate at which the consumer is willing to exchange one good for another, utility held constant. B. shows the rate at which the consumer is able to substitute goods in the market. C. shows the change in utility from an additional unit of the good. D. is equal to the price ratio at all points. E. all of the above