In the above figure, at an income level of Y1 and planned expenditures of (C + I)1, the level of autonomous investment is
A. EF.
B. GK.
C. ED.
D. JK.
Answer: A
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Which of the following is most likely to reduce an individual's current spending?
A) Paying back a loan in the future B) Depositing money in a bank today C) Borrowing money today D) Withdrawing money in the future
The gap between potential GDP and real GDP had been as large as 7 percent during the worst of the 2007-2009 recession. By 2015, the gap
A) was positive, with real GDP exceeding potential GDP. B) had been eliminated. C) was still nearly 3 percent. D) remained at 7 percent.
Having a well-known brand name associated with high quality is
A. is a value to consumers. B. can take a long time to establish. C. can be costly to maintain. D. All of these statements are true.
Expected value is:
A. the average of each possible outcome of a future event, weighted by its probability of occurring. B. the average probability of all possible outcomes of a future event occurring, weighted by each possible outcome individually. C. the sum of all probabilities of all possible outcomes of a future event occurring. D. None of these statements is true.