According to the above table, as the level of real disposable income increases
A) the APS increases. B) the APC increases.
C) the marginal propensity to save declines. D) the marginal propensity to consume increases.
A
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The upward trend in the currency-deposit ratio during 1994-2007 can be explained by
A) the increased holdings of U.S. currency by foreigners. B) bank panics. C) a drop in the rate of interest paid on checking deposits. D) high taxes and illegal activities.
"Our knowledge of the factors which govern the yield of an investment some years hence is usually very slight and often negligible." This quote by ________ helps to explain ________
A) Jorgenson; cycles of overbuilding B) Keynes; cycles of overbuilding C) Jorgenson; the accelerator hypothesis D) Keynes; the accelerator hypothesis
An example of "cream skimming" is when:
a. a firm charges the same price to all consumers, even though costs for some are higher b. a firm offers a reduced price to the best-paying customers of their competitors c. a firm offers a reduction in price on a package sale of two items d. none of these
The term transfer payments refers to
A. Federal income taxes. B. Money that is transferred between savings and checking accounts. C. Additional profits transferred to monopolies as a result of their market power. D. Payments to individuals that are not in exchange for current goods and services being produced.