In the above table, the level of autonomous consumption is
A) $9,000. B) $0. C) $5,000. D) $1,000.
D
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Comparing aggregate expenditure and aggregate incomes shows that
A) aggregate expenditure is usually greater than aggregate income. B) aggregate income is usually greater than aggregate expenditure. C) they are equal. D) aggregate income cannot equal aggregate expenditure if we have any savings.
Define the following four references and name a country that you argue would fall into each category
(a) First World (b) Second World (c) Third World (d) Fourth World
In the textbook model of endogenous growth, long-run output growth would increase if there were either a ________ in the saving rate or a ________ in the depreciation rate
A) rise; rise B) rise; fall C) fall; rise D) fall; fall
John M. Keynes is best known for advocating:
(a) A policy of annually balancing the budget. (b) Deficit spending during some recessions. (c) Contractionary fiscal policy during a recession. (d) Expansionary fiscal policy during a boom.