In a simple economy (assume there are no taxes, thus y is disposable income), the consumption function is: upper c equals 200 plus 0.75 upper y. investment is equal to 400. in this economy, equilibrium gdp is $ nothing. (round your answer to the nearest dollar.)

Having a long credit that will be corrected is better that a short credit that is clear is simply because with long credit history, a prospective lender can see how you have operated your credit facility over a considerable period. nobody's credit history is perfect - everyone has at least 1 or 2 lapses on their record. have short history of your credit doesn't show patterns or trends of persistent late payments.

Answer flexible interest rates in the credit market cause any consumer saving to be exactly offset by business investment;