If planned investment decreases as the interest rate increases, the size of the government spending multiplier will be
A) zero.
B) larger than the government spending multiplier that would result if planned investment were independent of the interest rate.
C) the same as the government spending multiplier that would result if planned, investment were independent of the interest rate.
D) smaller than the government spending multiplier that would result if planned investment were independent of the interest rate
Answer: D) smaller than the government spending multiplier that would result if planned investment were independent of the interest rate
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When supply increases and the supply curve shifts to the right, equilibrium price and equilibrium quantity will both increase
Indicate whether the statement is true or false
Under the conditions set for the taking of property by eminent domain, the government could take private property
A) to build a highway. B) to allow a private developer to construct residential housing. C) so a professional sports franchise can build a new stadium. D) all of the above
Most states do
A. not collect any corporate income taxes. B. have corporate income taxes. C. not recognize entities known as corporations. D. none of these answer options are correct.
The AIC is a statistic
A) that is used as an alternative to the BIC when the sample size is small (T < 50) B) often used to test for heteroskedasticity C) used to help a researcher chose the number of lags in a time series with multiple predictors D) all of the above