A) profits are highly variable.
B) the price level fluctuates rapidly.
C) investment spending is affected by interest rates.
D) capital wears out quickly and must be replaced often.
F) A) and C)
Correct Answer
verified
Correct Answer
verified
A) consumption also increases, and by more than the increase in income.
B) consumption also increases, and at the same rate as the increase in income.
C) consumption will go in the opposite direction and decrease.
D) consumption also increases, though not as much as income.
F) C) and D)
Correct Answer
verified
Correct Answer
verified
A) changes in the price level to changes in real GDP.
B) changes in the interest rate to changes in investment.
C) changes in disposable income to changes in consumption.
D) changes in spending to changes in real GDP.
F) All of the above
Correct Answer
verified
Correct Answer
verified
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