Input-output analysis is commonly used in production decisions
a. True
b. False
Indicate whether the statement is true or false
False
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In an open economy, a shift down and to the left of the IS curve could have been caused by
A) a decline in the foreign real interest rate. B) an increase in the demand for domestic goods relative to foreign goods. C) an increase in foreign output. D) a decline in domestic output.
Given the values in the table above, equilibrium output Y = ________ when the real interest rate r = 4
A) 26.6 B) 0.65 C) 14.6 D) 5.65 E) none of the above
The larger the expansionary gap, the greater the pressure on what?
a. exchange rate b. real wages c. price level d. interest rates
Refer to the information provided in Figure 23.4 below to answer the question(s) that follow.
Figure 23.4Refer to Figure 23.4. Suppose the consumption function for C1 = 20 + 0.5Y, the consumption function that best fits C3 is
A. C3 = 20 + 0.4Y. B. C3 = 20 + 0.8Y. C. C3 = 40 + 0.4Y. D. C3 = 40 + 0.5Y.