Author Question: An increase in autonomous consumption ________. A) lowers planned expenditures B) raises ... (Read 60 times)

go.lag · **on:** Jun 30, 2018

An increase in autonomous consumption ________.

A) lowers planned expenditures
B) raises equilibrium output for any level of the interest rate
C) causes a movement down along the IS curve
D) all of the above
E) none of the above

Question 2

Suppose that Year 2 is the base year. What is the growth rate of GDP?

A) 44.4
B) 58
C) 67.5
D) 120