The idea that expansionary fiscal policy has a positive affect on investment is known as
a. monetary policy.
b. crowding out.
c. the investment accelerator.
d. the multiplier.
c
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Competitive markets will generally produce
A) too much of a public good. B) too little of a public good. C) the efficient amount of a public good. D) the efficient amount of a public good in the short run, but not in the long run.
Which of the following is a determinant of the price elasticity of demand for a product? I. The existence of substitute goods II. The percentage of a consumer's total budget devoted to purchases of that commodity
A) I only B) II only C) both I and II D) neither I nor II
Which of the following is the fundamental resource that is the basis of labor?
a. capital b. natural resources c. time d. money e. entrepreneurial ability
Refer to the information provided in Table 22.3 below to answer the question(s) that follow. Table 22.3 PointAggregate Income (Y)Aggregate Consumption (C) A 15 19 B 30 23 C 45 27 D 60 31 E 75 35 F 90 39The data in the table was used to estimate the following consumption function: C = 20 + 0.2YRefer to Table 22.3. The SUM that is calculated from all the error points from the table is equal to
A. +9. B. +11. C. +31. D. +81.