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- Which of the following is correct?a. Over the business cycle consumption fluctuates more than investment.b. Economic fluctuations are easy to predict.c. During recessions sales and profits tend to fall.d. Because of government policy the U.S. has suffered no recessions in the last 25 years.With the use of the neoclassical model of investment, explain what would happen to the rental price of capital, the cost of capital, and investment if a hurricane destroys some portion of the capital stock.Who gave the theory of consumption?
- What happens to consumption if the student is constrained for somereason and cannot borrow today?Describe the Investment Decision for a Simple Investment?b. Explain the difference between saving and investment as defined by a macroeconomist. c. Which of the following situations in c (i) & c (ii) represent investment? Saving? Explain(i) Your family takes out a mortgage and buys a new house. (ii) You use your paycheque to buy stock in Sagicor Financial Services.
- What is the traditional way economists measure the standard of living? What are some problems with using this measure? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIVS Paragraph Arial 10pt A 2Which of the following situations represents investment? Saving? ExplainYour family takes out a mortgage and buys a new house. You use your paycheque to buy stock in Sagicor Financial Services.1. Explain the difference between Keynesian economics and Classical economics by mentioning the complete name of the economist who develops the theory/model. 2. Describe each of the components of the GNP equation and which one you feel can distort GNP the most.