39) An increase in the interest rate A) increases the the opportunity cost of ho
ID: 1129100 • Letter: 3
Question
39) An increase in the interest rate A) increases the the opportunity cost of holding money B) dlecreases C) increases the opportunity cost of holding money D) decreases the percentage yield of holding money 40) The formula for aggregate expenditure is C) AE C I depreciation- Nx. 41) is defined as the value of a household's assets minus the value of its liabitities B) Household …ith D) Planned household investment 41) C) Personal household consumption 42) Silver is an example of a B) barter money A) commodity money. C) fiat money. 43) The long-run aggregate supply curve A) has a negative slope. C) has a steep but positive slope. B) is vertical. D) is horizontal. Figure 11-3 Real aggregate (trillions of 2000 dollars) AE, AE, 45 GDP, Real GDP, (trillions of GDP, 2000 dollars) 44) Refer to Figure 11-3. Suppose that investment spending increases by $10 million, shifting up the4 aggregate expenditure line and GDP increases from GDP1 to GDP2. If the MPC is 0.9, then what is the change in GDP? A) $9 million B) S10 million C) $90 million D) $100 millionExplanation / Answer
Answer:- An increase in the interest rate
Correct Answer:- increases the opportunity cost of holding money.
Answer:- formula for aggregate expenditure
Correct Answer:- AE=C+I+G+NX
Answer:- ____ is defined as the value of a household's assets minus the value of its liabilities
Correct Answer:- household wealth
Answer:- silver is an example of
Correct Answer:- commodity money
Answer:- the long run aggregate supply curve
Correct Answer:- is vertical
Answer:- Suppose that investment spending increases by $10 million, shifting up the aggregate expenditure line and GDP increases from GDP1 to GDP2. If the MPC is 0.9, then what is the change in GDP?
Correct Answer:- $100 million
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