What does it mean to assume that investment is “autonomous”?
a. It is automatically determined by the economy.
b. It is corrected by other more dominant factors.
c. It is unrelated to the performance of the economy.
d. It does not depend on the level of output in the economy.
d. It does not depend on the level of output in the economy.
You might also like to view...
If expected future income increases, then
A) the supply of loanable funds increases. B) the quantity of loanable funds supplied decreases. C) the supply of loanable funds decreases. D) the demand for loanable funds decreases. E) the quantity of loanable funds demanded increases.
When one person's opportunity cost of producing a good is lower than another person's opportunity cost of producing the same good, it is called
A) an absolute advantage. B) a comparative advantage. C) specialization. D) production possibilities. E) a trade-off.
Define a sole proprietorship
What will be an ideal response?
M2 consists of: a. M1 plus savings accounts, small time deposits, money market mutual funds, and miscellaneous near-monies. b. coins, currency, and checkable deposits only
c. only near-monies. d. M1 plus time deposits only. e. M1 plus money market mutual funds only.