Consumption expenditure, investment, and net exports __________.
Fill in the blank(s) with the appropriate word(s).
decrease
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According to the monetarist view, the
a. IS schedule is quite flat; hence, reflecting a high interest elasticity of aggregate demand. b. IS schedule is quite steep; hence, reflecting a high interest elasticity of aggregate demand. c. LM schedule is quite flat; hence, reflecting a high interest elasticity of money demand. d. IS schedule is almost vertical; hence, reflecting a very low interest elasticity of money demand.
The cost, c, of a college education that serves only as a signal of a high-quality worker is $20,000. The wage of a known high-quality worker, wh, is $75,000. The wage for a known low-quality worker, wl, is $50,000
For what value of the share of the work force that is of high quality, t, is a pooling equilibrium possible?
The significantly high rates of inflation in the 1970s occurred, in part,
a. because of increased petroleum prices. b. due to high unemployment. c. despite falling gasoline prices. d. due to restrictive monetary policies.
Refer to Figure 17.4. A long-run increase in productive capacity for the economy can be illustrated by a move from point
A. E to point A. B. A to point B. C. A to point C. D. C to point D.