This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A usual assumption in real business cycle models is that the economy is populated by a group of ... (Read 73 times)

TVarnum

  • Hero Member
  • *****
  • Posts: 548
on: Jun 30, 2018
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
Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

B


TVarnum

  • Member
  • Posts: 548
Reply 2 on: Jun 30, 2018
Excellent

Zebsrer

  • Member
  • Posts: 284
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Some organisms used as models in genetic research Some organisms used as models in genetic research
Release of Acetylcholine During the Sleep–Waking Cycle Release of Acetylcholine During the Sleep–Waking Cycle
The Phases of the Menstrual Cycle: Follicular Phase and Luteal Phase The Phases of the Menstrual Cycle: Follicular Phase and Luteal Phase
Group Size Group Size
Although crassly put by the cartoonist, behind the glass ceiling lies this background assumption. Although crassly put by the cartoonist, behind the glass ceiling lies this background assumption.
Video: Junction Types - Tight and Adherens Junctions

For a complete list of videos, visit our video library