In a closed economy, in the short-run fiscal is more effective at decreasing unemployment, when: none of the the other options is correct. O government spending is cut by more the central bank is targeting output either the marginal propensity to consume is smaller and/or the real interest rate sensitivity of investment is smaller the central bank is targeting the real interest rate O either the marginal propensity to consume is smaller and/or the real interest rate sensitivity of investment is larger autonomous consumption is larger O larger tax increases are used O autonomous investment is larger

In a closed economy, in the short-run fiscal is more effective at decreasing unemployment, when: none of the the other options is correct. O government spending is cut by more the central bank is targeting output either the marginal propensity to consume is smaller and/or the real interest rate sensitivity of investment is smaller the central bank is targeting the real interest rate O either the marginal propensity to consume is smaller and/or the real interest rate sensitivity of investment is larger autonomous consumption is larger O larger tax increases are used O autonomous investment is larger

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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