Increases in government purchases, investment spending, and autonomous consumption all tend to
a. increase real GDP and raise the interest rate
b. increase real GDP and lower the interest rate
c. increase real GDP but leave the interest rate unchanged
d. decrease real GDP and lower the interest rate
e. decrease real GDP and raise the interest rate
A
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What will be an ideal response?
Refer to the figure above. How many units of Good X will be demanded if the government sets a price ceiling of Pc on the good?
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A. Y d = -20 + .8S.
B. Y d = 20 + .2S.
C. S = -20 + .2Y d .
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