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Unformatted text preview: nsumption (c0) to have t a smaller effect on output. 21) hich of the following equals demand in a closed economy? W A) + I + G + X C B) + I + G + IM - X C C) + I + G + X - IM C D) one of the above n 22) n the model of the goods market presented in Chapter 3, which of the following variables is I exogenous? A) isposable income (YD) d B) aving (S) s C) emand (Z) d D) onsumption (C) c E) one of the above n 23) n the model of the goods market presented in Chapter 3, which of the following variables is I NOT endogenous? A) axes (T) t B) onsumption (C) c C) isposable income (YD) d D) aving (S) s E) ll of the above a 24) ased on our understanding of the paradox of saving, we know that a reduction in the desire to B save will cause: A) reduction in GDP. a B) o change in equilibrium GDP. n C) n increase in equilibrium GDP. a D) permanent reduction in the level of sav...
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This note was uploaded on 04/19/2010 for the course ECON MIyII taught by Professor David during the Spring '08 term at Ucla Venezuela.
- Spring '08