When investment is autonomous, it is independent of the level of national income
Indicate whether the statement is true or false
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Which of the following is an example of a financial capital?
A) A currency bill B) A check book C) A factory D) A bond
Third-degree price discrimination involves
A) charging each consumer the same two part tariff. B) charging lower prices the greater the quantity purchased. C) the use of increasing block rate pricing. D) charging different prices to different groups based upon differences in elasticity of demand.
If the central bank increases the money supply, in the short run, output
a. rises so unemployment rises. b. rises so unemployment falls. c. falls so unemployment rises. d. falls so unemployment falls.
Costs which increase with an increase in output are called
A. changeable costs. B. variable costs. C. fixed costs. D. unchangeable costs.