Keynes mentioned two factors that influenced planned investment spending
A) interest rates and disposable income.
B) interest rates and business expectations about the future.
C) disposable income and business expectations about the future.
D) interest rates and business expectations about inflation.
B
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Price discrimination only occurs under monopoly.
Answer the following statement true (T) or false (F)
GDP ignores all of the following EXCEPT
A) household production. B) changes in the environment that occur in the production of output. C) the value of leisure time. D) products produced in other countries that are sold in the United States.
Refer to Figure 2-10. In the circular flow diagram, economic agents M represent
A) product markets. B) firms. C) factor markets. D) households.
Why is the government budget constraint different between the short run and the long run?
What will be an ideal response?