If investment is interest-insensitive,
A) monetary policy has no impact on equilibrium income.
B) monetary policy has no impact on the equilibrium interest rate.
C) fiscal policy has no impact on equilibrium income.
D) fiscal policy has no impact on the equilibrium interest rate.
A
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An economic growth model
A) explains changes in nominal GDP per capita in the short run. B) explains changes in real GDP per capita in the short run. C) explains changes in real GDP per capita in the long run. D) explains changes in nominal GDP per capita in the long run.
Which of the following is one of the most important benefits of money in an economy?
A) Money allows for the accumulation of wealth. B) Money makes exchange easier, leading to more specialization and higher productivity. C) Money encourages self-sufficiency and therefore increases economic stability. D) Money allows for the exchange of goods and services.
Which of the following is an example of the law of supply?
A) The price of gum has increased so producers are making more gum. B) The price of labor has increased and producers decrease supply. C) The amount of a good purchased increases when the price decreases. D) Producers provide less of a good when the price increases.
Production location is not an important choice when doing business in the European Union.
a. true b. false