The difference between the investment demand curve and the investment schedule is that the former shows a(n)
A. direct relationship between investment and interest rate, while the latter shows no correlation between investment and income.
B. inverse relationship between investment and income, while the latter shows no correlation between investment and interest rate.
C. direct relationship between investment and income, while the latter shows no correlation between investment and interest rate.
D. inverse relationship between investment and interest rate, while the latter shows no correlation between investment and income.
Answer: D
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It is estimated that, on the average and without taking account of skill differentials, union wages are
A) equal to nonunion wages. B) less than nonunion wages. C) 66 percent higher than nonunion wages. D) 100 percent higher than nonunion wages. E) 30 percent higher than nonunion wages.
If a firm is earning just enough to cover all its economic profits does that mean it's not making a profit?
What will be an ideal response?
According to the Keynesian view of macroeconomics, what should be the role of the government as far as economic policy?
Select one: a. The government should keep the growth rate of the money supply stable. b. The government should maintain a fixed interest rate. c. The government should try to raise the AS curve. d. The government should try to stabilize the AD curve.
A market with few sellers, some influence over price, high barriers to entry, a differentiated product, and non-price competition is known as
A) perfect competition. B) monopolistic competition. C) oligopoly. D) monopoly.