As used in this text, "autonomous" variables are
A) spontaneous variables that are completely unpredictable.
B) completely independent of income, although they can be explained by movements in other variables.
C) determined only by income levels.
D) the same as endogenous variables.
B
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A freeze on wages and prices was introduced by President
A. Franklin Delano Roosevelt. B. Harry S. Truman. C. Dwight D. Eisenhower. D. John F. Kennedy.
As a percentage of GDP, non-military government purchases have remained very low and stable
a. True b. False
Figure 13-3
?
Oligopolist A cuts price in an attempt to enlarge his share of the market. His competitors retaliate with identical price cuts. In this case, in Figure 13-3, oligopolist A will move from point A to which point?
A. B B. C C. D D. E
Which of the following explanations of the business cycle focuses on both aggregate supply and aggregate demand shifts?
A. Monetarist explanations B. Keynesian explanations C. Supply-side explanations D. Eclectic explanations