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Author Question: If a major technological breakthrough occurs, then the: a. investment demand curve will shift ... (Read 224 times)

fnuegbu

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on: Jun 30, 2018
If a major technological breakthrough occurs, then the:
 a. investment demand curve will shift downward.
  b. investment demand curve will shift upward.
  c. consumption function will shift downward.
  d. consumption function will shift upward.
  e. economy will move to a new point along the existing investment demand curve.

Question 2

Which of the following statements about crowding out is true?
 a. It can completely offset the multiplier.
  b. It is caused by a budget deficit.
  c. It is not caused by a budget surplus.
  d. All of these are true.


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mrphibs

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

d


fnuegbu

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

aliotak

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Reply 3 on: Yesterday
Excellent

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