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The horizontal investment curve used to derive the TE curve means investment is?

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a. directly related to Real GDP

b. indirectly related to Real GDP

c. independent of Real GDP

e. sometimes directly and sometimes indirectly related to Real GDP, depending upon whether it is planned capital or planned inventory investment.

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  1. The correct answer is: c. independent of Real GDP

    [ horizontal investment curve means the amount of investment remains at the same level irrespective of the size of Real GDP. So, investment does not vary depending on the value of real GDP. So investment is independent of real GDP in this case.

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