For each of the following pairs of economic variables, indic

For each of the following pairs of economic variables, indicate whether they are directly related ( … Show more For each of the following pairs of economic variables, indicate whether they are directly related (ceteris paribus they rise and fall together), inversely related (ceteris paribus they move in opposite directions), or indeterminate. 4. Government spending and investment a. directly related, inversely related, or indeterminate? b. why? 5. The interest rate and investment a. directly related, inversely related, or indeterminate? b. why? 6. The capital-labor ratio and output per worker a. directly related, inversely related, or indeterminate? b. why? 7. The savings rate and steady state per capita consumption a. directly related, inversely related, or indeterminate? b. why? For each of the following functional or equilibrium relationships, indicate which two variables the relationship describes %u2013 that is, when you draw the graph, how do you label the axes? %u2013 and whether the relationship is upward sloping or downward sloping. Again, give a brief explanation of the economic logic behind your answer. 9. Ld (liquidity demand a. which two variables? b. upward or downward sloping? c. why? 10. LM (Liquidity-Money) a. which two variables? b. upward or downward sloping? c. why? 11. AS (Aggregate Supply) a. which two variables? b. upward or downward sloping? c. why? 12. AD (Aggregate Demand) a. which two variables? b. upward or downward sloping? c. why? • Show less

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