Consider the Simplest Macroeconomic Model,with a Closed Economy and No

question 147

Multiple Choice

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

• A)negatively sloped.
• B)positively sloped and relatively steep.
• C)positively sloped and relatively flat.
• D)vertical.
• E)horizontal.

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Trespass

An unlawful intrusion or invasion of a person's property or rights, which can involve land, personal property, or personal rights.

FIFRA

The Federal Insecticide, Fungicide, and Rodenticide Act, U.S. legislation that regulates the distribution, sale, and use of pesticides to protect human health and the environment.

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Navigable Lake

A body of water that is large and deep enough for the passage of ships, often regulated under various laws regarding public access and use.