The greater the MPC is, the ___ the slope of the demand curve.
a. greater
b. smaller
c. It depends on the trade balance.
d. The slope of the demand curve does not depend on this.
Ans: a. greater
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If investment demand increases, the equilibrium real interest rate ________ and the equilibrium quantity of investment ________
A) rises; decreases B) falls; decreases C) falls; increases D) rises; increases E) does not change; does not change
The purchase of a new house is included in
A) government purchases. B) investment expenditures. C) net exports. D) consumption expenditures.
"Ceteris paribus" is a Latin expression that means "holding everything else constant."
a. True b. False Indicate whether the statement is true or false
Cost-benefit analysis is a relatively new tool developed and used first by NASA.
A. True B. False C. Uncertain