Assume that national income = $5,000 . C = $1,000 + 0.75(Y), and intended investment = $300 . Then
a. saving at Y = $0 is $1,000
b. saving at Y = $0 is also $1,000 + 0.75 (Y) because S = C in equilibrium
c. there will be $50 of unplanned investment in inventories
d. actual investment will equal $250
e. national income will decrease
D
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The energy source most often used by the earliest factories was
(a) animal power. (b) wind power. (c) water power. (d) steam engines.
During the Great Depression of the 1930s when the unemployment rate was exceptionally high due to the Great? Depression, the government had employment? programs, such as the Civilian Conservation? Corps, which built campsites and planted trees. These programs were aimed at reducing which type of? unemployment?
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C) structural
D) frictional
E) discouraged
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