If the government share of GDP increases by a certain percent, the sum of the other shares of GDP will fall by a greater amount.
Correct Answer:
Verified
Q27: A higher real interest rate today makes
Q28: Explain how it is possible for the
Q29: The consumption share is negatively related to
Q30: The real interest rate is the only
Q31: All else being equal, if consumption declines
Q33: The sum of all spending shares of
Q34: The consumption share line is
A)downward-sloping because an
Q35: To understand how the shares of GDP
Q36: An increase in taxes will not affect
Q37: Saving by households can be thought of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents