Assume the Keynesian transmission mechanism is operational and the economy is currently operating in the horizontal portion of the AS curve. If the money supply decreases and the demand for money curve is downward sloping and investment is interest-____________, then Real GDP will ___________________
A) sensitive; fall
B) insensitive; fall
C) sensitive; rise
D) insensitive; rise
E) sensitive; remain unchanged
A
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Assuming that Yd = $20,000 and C = $22,000, we would find that the average propensity to consume would be equal to
A) 0.8. B) 1.8. C) 1.1. D) 0.9.
The supply of a renewable resource is perfectly elastic
Indicate whether the statement is true or false
In what year did sales of gold for investment exceed that for jewelry for the first time?
A) 1933 B) 1971 C) 2001 D) 2009
Consider the model: log(wage) = 
+ 
female + 
exper +
class="Wirisformula" data-wiris-created="true" src="@@PLUGINFILE@@/ppg__cognero__Ch_07_Multiple_Regression_Analysis_with_Qualitative_Information__media__5dc5a813-d9ab-40f1-aeec-01f10346ab72.PNG" style="vertical-align:middle;" />female * exper + u, where exper is the years of work experience, and female is a dummy variable (1 if the person is female, and 0 otherwise). Which of the following measures the difference in the return of experience between men and women?
A. 
B. 
+ 
C. 
+ 
+ 
D. 
+ 