This topic contains a solution. Click here to go to the answer

Author Question: A usual assumption in real business cycle models is that the economy is populated by a group of ... (Read 78 times)

TVarnum

  • Hero Member
  • *****
  • Posts: 548
A usual assumption in real business cycle models is that the economy is populated by a group of identical individuals and the behavior of the group can then be explained in terms of the behavior of one individual, called a(n)
 
  a. maximizing agent.
  b. representative agent.
  c. republican agent.
  d. informative agent.
  e. democratic agent

Question 2

Within the IS-LM curve model, if the government cut taxes at the same time that there was an autonomous increase in investment demand, then
 
  a. income would rise and the interest rate would fall.
  b. income and the interest rate would rise.
  c. income would rise but the effect on the interest rate is uncertain.
  d. the interest rate would rise but the effect on income is uncertain.
  e. the effects on both income and the interest rate are uncertain.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sailorcrescent

  • Sr. Member
  • ****
  • Posts: 334
Answer to Question 1

B

Answer to Question 2

B




TVarnum

  • Member
  • Posts: 548
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


atrochim

  • Member
  • Posts: 331
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

For a complete list of videos, visit our video library