Approximately how long does it take for the successive increases in spending and output to be completed after an initial increase in investment spending?
a. Two years
b. Ten years
c. Six years
d. One year
e. Five years
D
You might also like to view...
A foreign exchange intervention that lowers the exchange rate will also ________
A) increase the real interest rate B) decrease the money supply C) increase investment D) decrease international reserves
In a situation where two goods can be produced by two different people, it is possible for one person to have a comparative advantage in the production of both goods and the other person to have the comparative advantage in the production of neither good
Indicate whether the statement is true or false
How were labor rights affected by the long economic depression of the 1930s?
a. Unions disbanded until the economy improved. b. Labor unions and reform movements stalled. c. New anti-labor reforms restricted union activities. d. Many important pro-labor reforms were passed.
An increase in which of the following variables will cause a reduction in the demand for domestic goods?
A) foreign income B) the real exchange rate C) consumer confidence D) domestic income E) all of the above