In the income-expenditure model, if autonomous investment decreases by $10 billion, _____
a. the aggregate expenditure line shifts upward by $10 billion
b. planned saving increases by $10 billion
c. the aggregate expenditure line shifts downward by $10 billion
d. planned saving decreases by $10 billion
e. the equilibrium level of real GDP demanded increases by $10 billion
c
You might also like to view...
From the beginning of 1974 until January 2013, the value of the Canadian dollar has ________ relative to the U.S. dollar and ________ relative to the Japanese yen.
A) appreciated than depreciated; appreciated B) depreciated then appreciated; depreciated C) depreciated then appreciated; appreciated D) depreciated; depreciated
For a given seller, the figure below shows the relationship between the number of units produced and the opportunity cost of producing an additional unit of output. If the market price of this good is $6, how many units would this seller produce? 
A. 250 B. 50 C. 150 D. 300
Monopolistically competitive industries are characterized by no barriers to entry.
Answer the following statement true (T) or false (F)
When the economy is in equilibrium, we know with certainty that
A) public saving equals investment. B) private saving equals investment. C) G = T. D) none of the above