Question 18Choose the correct match of each of the following economic concepts:Unemployment could persist for a long period of timeA.- Explains the positive relation between national income and investment. Aggregate demand determines the level of productionIs just another name for net investmentD.Break-even PointE The percentage saved from any increase in national incomeTheF.average propensity to consume equals 1Marginal Efficiency of InvestmentThe percentage of national income being spent on consumer goodsThe Classical Theory- Wages and prices are flexible in both directions according to market conditionsMarginal Propensity to Save (MPS)The average propensity to consume equals zeroThe change in national income divided by the change in savingsExplains the negative relation between interest rate and investmentThe average propensity to save equals 1

In economics, different economic terms are used by the economists to define specific economic…

Question 18 Choose the correct match of each of the following economic concepts: A Unemployment could persist for a long period of time R Explains the positive relation between national income and investment c Aggregate demand determines the level of production Is just another name for net investment E The percentage saved from any increase national income Break-even Point Marginal Efficiency of Investment The average propensity to consume equals 1 F. The percentage of national income being spent on consumer goods The Classical Theory H Wages and prices are flexible in both directions according to market conditions Ey Marginal Propensity to Save (MPS) 1. The average propensity to consume equals zero The change in national income divided by the change in savings Explains the negative relation between interest rate and investment The average propensity to save equals 1

Question 18 Choose the correct match of each of the following economic concepts: A Unemployment could persist for a long period of time R Explains the positive relation between national income and investment c Aggregate demand determines the level of production Is just another name for net investment E The percentage saved from any increase national income Break-even Point Marginal Efficiency of Investment The average propensity to consume equals 1 F. The percentage of national income being spent on consumer goods The Classical Theory H Wages and prices are flexible in both directions according to market conditions Ey Marginal Propensity to Save (MPS) 1. The average propensity to consume equals zero The change in national income divided by the change in savings Explains the negative relation between interest rate and investment The average propensity to save equals 1

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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