Which of these variables remains exogenous throughout Chapter 3?
A) the interest rate
B) investment
C) price level
D) all of the above
D
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Which of the following would not be counted in the calculation of GDP?
A. Buying a brand new car. B. Paying for a flight to Las Vegas. C. Government spending on social security. D. Paying for a maid service to come clean your house.
Starting from long-run equilibrium, an increase in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. lower; higher D. higher; potential
What was very unusual about the 2001 recession, was that consumer spending ________________________.
Fill in the blank(s) with the appropriate word(s).
Are we passing the national debt burden on to our children?
What will be an ideal response?