The relationship between the level of investment and the change in the level of national income is the
a. principle factor generating the innovation cycle
b. marginal propensity to invest
c. administrative lag
d. accelerator
e. principle factor generating the real business cycle
D
You might also like to view...
At full-employment GDP,
A) the long-run aggregate demand curve is horizontal. B) the long-run aggregate demand curve is vertical. C) the long-run aggregate supply curve is horizontal. D) the long-run aggregate supply curve is vertical.
The horizontal segment of the aggregate supply curve
a. shows that real GDP can increase only by affecting the economy's price level b. shows that real GDP can increase without affecting the economy's price level c. depicts a positive relationship between real GDP and the price level d. depicts a negative relationship between real GDP and the price level e. marks the full-employment level of real GDP
Production possibilities curves can shift outward but they do not shift inward
Indicate whether the statement is true or false
The practice of data mining is consistent with the assumptions made in econometric analysis.
Answer the following statement true (T) or false (F)