Which of the following is graphed as a horizontal line across levels of real GDP in the aggregate expenditures model?
A. the saving schedule
B. the investment schedule
C. the investment demand curve
D. the consumption schedule
Answer: B
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In the prisoners' dilemma game, each player
A) has only one possible strategy. B) can choose from two strategies. C) can choose from three strategies. D) can choose from four strategies.
Rational expectations theory rejects the concept that only unanticipated or surprise policies can influence inflation
a. True b. False Indicate whether the statement is true or false
Imagine that the federal government increases the minimum wage over the 2014 level. How would this action affect the graph?
a. WMIN would go lower, thereby increasing the labor surplus.
b. WMIN would go lower, thereby decreasing the labor surplus.
c. WMIN would go higher, thereby increasing the labor surplus.
d. WMIN would go higher, thereby decreasing the labor surplus.
A perfectly competitive firm currently sells 30,000 cartons of eggs at $0.50 each. If the firm wants to sell one more carton of eggs, the firm
a. should raise its price above $0.50 b. should price the carton at $0.50 c. must sell the carton for less than $0.50 d. cannot sell an additional carton at any price because there are other egg farmers in the market