A change in consumption spending caused by income changes is ________ change in spending, and a change in government spending that occurs to improve roads and bridges is ________ change in spending
A) an induced; an autonomous
B) an expansionary; a contractionary
C) an autonomous; an induced
D) a contractionary; an expansionary
Answer: A
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List and briefly describe the four major types of transactions costs involved when dealing with a negative externality
What will be an ideal response?
Which of the following is not an example of an infrastructure?
a. a transportation system b. a communications system c. a values system d. an educational system e. an energy system
According to the above figure, the maximum profit the monopolist can receive is
A. $1,500 per day. B. $7,500 per day. C. $9,000 per day. D. 0.
Refer to the below data. Suppose that entry of firms into the industry changes this firm's demand schedule from columns 1 and 3 to columns 2 and 3. Maximum economic profit will:
Answer the question on the basis of the following demand and cost data for a specific firm.
A. Decrease to $25
B. Decrease to $35
C. Decrease to $70
D. Decrease to zero