Aggregate output is related to autonomous consumer

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118) Aggregate output is _____ related to autonomous consumer expenditure, and is _____ related to planned investment spending. (a) negatively; negatively (b) negatively; positively (c) positively; negatively (d) positively; positively Answer: D Question Status: Previous Edition 119) Aggregate output is _____ related to autonomous consumer expenditure, and is _____ related to the level of taxes. 120) Aggregate output is increased by 121) Aggregate output is increased by 122) Equilibrium output is reduced by (a) an increase in planned investment. (b) an increase in taxes. (c) an increase in government spending. (d) an increase in net exports. (e) none of the above. Answer: B Question Status: New
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848 Frederic S. Mishkin • Economics of Money, Banking, and Financial Markets, Seventh Edition 123) Equilibrium output is reduced by 124) Economists find the ISLM model useful for 125) Like the simplified Keynesian model, the full Keynesian ISLM model 126) If the interest rate falls, other things being equal, investment spending will (a) fall. (b) rise. (c) remain unchanged, since investment is affected only by expectations. (d) do none of the above. Answer: B Question Status: Previous Edition 127) When the interest rate rises, Chapter 23 The Keynesian Framework and the ISLM Model 849
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