According to Classical economists, investment is __________ related to the __________.
A) directly; interest rate
B) directly; level of GDP
C) inversely; interest rate
D) inversely; level of GDP
Correct Answer:
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Q21: If the total output is 300, the
Q22: Which of the following is assumed constant
Q23: Assume that consumption spending is equal to
Q24: In the Classical view, inflation is the
Q25: If GDP = $300 billion and velocity
Q27: Using the cash balance approach with k
Q28: The Cambridge k is all of the
Q29: Using the cash balance version of the
Q30: The velocity of money is assumed to
Q31: In an economy with no government or
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