Smaller the interest-sensitivity of investment:
A) steeper the AD curve.
B) flatter the AD curve.
C) flatter the expenditure function.
D) flatter the investment curve.
Correct Answer:
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Q21: Other things constant, an increase in the
Q22: Other things being equal, an increase in
Q23: A shift in the position of the
Q24: An increase in the price level, given
Q25: Suppose that expenditure is not very responsive
Q27: Suppose that expenditure is very responsive to
Q28: For an economy with no international trade,
Q29: _ shifts to the right if fiscal
Q30: The primary goal of the AD-AS model
Q31: The AD-AS model combines:
A) a short-run AS
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