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 72 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
:D TYSM

brbarasa

  • Member
  • Posts: 308
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

IgA antibodies protect body surfaces exposed to outside foreign substances. IgG antibodies are found in all body fluids. IgM antibodies are the first type of antibody made in response to an infection. IgE antibody levels are often high in people with allergies. IgD antibodies are found in tissues lining the abdomen and chest.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

An oral contraceptive showing the daily doses and the different formulation taken in the last 7 days An oral contraceptive showing the daily doses and the different formulation taken in the last 7 days
Basic Food Group Choices for a 1,200 Calorie Eating Plan Basic Food Group Choices for a 1,200 Calorie Eating Plan
Business Letter Format and Example. Business Letter Format and Example.
nitrogen cycle nitrogen cycle
Comparison of Speciation Models Comparison of Speciation Models
A generalized life cycle of a basidiomycete. A generalized life cycle of a basidiomycete.
Video: Chromosome structural organization/ Mechanisms for chromosome movement Animation

For a complete list of videos, visit our video library