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?
A monopsony pays a wage rate ________ the marginal cost of labor and ________ the value of marginal product of labor
A) equal to; equal to B) lower than; lower than C) equal to; lower than D) lower than; equal to
The equation for the given saving schedule is:
A. Y d = -20 + .8S.
B. Y d = 20 + .2S.
C. S = -20 + .2Y d .
D. S = 20 + .8Y d .
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?
A) 0 units B) 10 units C) 25 units D) 35 units