When economists say investment is autonomous, they mean that investment is independent of the level of saving.
a. true
b. false
b. false
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The above table shows the marginal benefit from submarines for the only two citizens of a country. Submarines are a public good. If submarines cost $25 a piece to produce, who would vote for the purchase of four submarines?
A) both Katie and Bobby B) Katie only C) Bobby only D) nobody
Which of the following serves as the central banker for private banks in the United States?
A. The 12 regional Federal Reserve banks. B. The Executive Branch of government. C. The Board of Governors of the Federal Reserve System. D. The Fed Open Market Committee.
The classical theory predicts that increases in the supply of savings will _____ interest rates and _____ investment.
Fill in the blank(s) with the appropriate word(s).
Which of these is most likely to shift the long-run aggregate supply curve to the left?
What will be an ideal response?