96)Autonomous expenditure...

a.Is independent of income.

b.Depends positively on disposable income.

c.Depends negatively on income.

d.Depends positively on income.

97)Planned changes in inventory are part of...

a.Government expenditure.

b.Investment expenditure.

c.The marginal propensity to save.

d.Induced expenditure.

99)The neoclassical growth model assumes that the standard of living of countries...

a.Converges.

b.Grows randomly.

c.Improves for the rich and deteriorates for the poor.

d.Diverges.

100)When a country with a fixed exchange rate is forced to increase the international value of its currency to a new level, it is called a...

a.Devaluation.

b.Depreciation.

c.Revaluation.

d.Appreciation.