Consider the simplest macroeconomic model, with a closed economy and no government. If we assume that desired
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Consider the simplest macroeconomic model, with a closed economy and no government. If we assume that desired investment is autonomous with respect to national income, then the investment function (which graphs desired investment against actual national income) will be
| positively sloped and relatively flat. | ||
| positively sloped and relatively steep. | ||
| vertical. | ||
| negatively sloped. | ||
| horizontal. |
Expert Answer:
The detailed answer for the above question is provided below In a closed economy with no governm... View the full answer
Related Book For 
Managerial Economics
ISBN: 978-0133020267
7th edition
Authors: Paul Keat, Philip K Young, Steve Erfle
Posted Date:
