On a graph showing investment along the vertical axis and income along the horizontal axis, _____
a. the investment line will be downward sloping
b. the investment line will be upward sloping
c. the investment line will be horizontal
d. the investment line will be vertical
e. the investment line will be U-shaped
c
You might also like to view...
A record of all transactions between households, firms, and the government of one country and the rest of the world is the
A) balance of trade. B) balance of payments. C) International Monetary Fund. D) government budget.
Refer to Figure b. Suppose consumers choose to consume water in two different states, sunny weather, WS and during a hurricane, WH. As the consumer moves from point A to B along the indifference curve, the variability of consumption:
A. decreases.
B. increases.
C. remains constant.
D. increases for one good, but decreases for the other.
Reduced military spending shifts the aggregate demand curve to the left
a. True b. False Indicate whether the statement is true or false
When inflation rises people will
a. demand more money so the price level rises. b. demand more money so the price level falls. c. demand less money so the price level rises. d. demand less money so the price level falls.