To John Maynard Keynes, investment demand depends less upon the availability of saving than upon the profit expectations of producers
Indicate whether the statement is true or false
T
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According to the intertemporal substitution effect, when the price level rises and other things remain the same
A) the interest rate falls. B) the interest rate rises. C) the quantity of money increases. D) government taxes rise.
Refer to the above figure. A unit tax has been placed on the good. The producer pays what amount of the tax?
A) none of the tax B) P2 - P0 C) P2 - P1 D) P1 - P0
If there is a recession, the Fed would most likely encourage banks to provide loans by:
a. buying government securities. b. raising the discount rate. c. selling government securities. d. raising the federal funds rate.
If the price of jelly (a complement with peanut butter) decreases, both the demand and supply curves of peanut butter will shift rightward
a. True b. False