A decrease in autonomous planned investment spending, other things equal, shifts the ________ curve to the ________
A) IS; right
B) IS; left
C) LM; left
D) LM; right
B
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Refer to the figure above. If Y is labor intensive then according to the HO theory, this country should be ________ abundant
A) capital B) labor C) both capital and labor D) Can't tell without more information
The total amount of required reserves in the banking system is equal to the ________ the required reserve ratio and checkable deposits
A) sum of B) difference between C) product of D) ratio between
Data shows that countries that invest more and channel more of those investments into productive projects will generally have
a. higher rates of current consumption. b. higher future incomes. c. lower rates of economic growth. d. lower real interest rates.
If an increase in income results in a decrease in the quantity demanded of a good, then for that good, the
a. cross-price elasticity of demand is negative. b. price elasticity of demand is elastic. c. income elasticity of demand is negative. d. income elasticity of demand is positive.