ECON 2010 : ECON 2010 EXAM 2 HOMEWORK QUESTIONS
Get access
Related Documents
Related Questions
a: falls, aggregate expenditure falls, and output falls. Question 9.9. A laissez-faire attitude toward most markets is most closely associated with (Points : 1) |
a: Keynesians.
b: monetarists.
c: classical economists.
d: supply siders.
e: Reaganomics.
Question 8.8. In the classical model, the supply of loanable funds is (Points : 1) |
a: provided through saving by households.
b: positively related to the interest rate.
c: perfectly inelastic.
d: provided through saving by households and positively related to the interest rate.
What is the effect of a higher saving rate in the long-run?
a. |
It decreases the capital stock. |
b. |
People must consume less in the future. |
c. |
It increases productivity. |
d. |
It leads to higher growth in real GDP. |