How much is induced consumption?
C = $7 trillion
Disposable income = $10 trillion
Autonomous consumption = $3.5 trillion?
$3.5 trillion
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The "zero sum" society is
A) a society that has reached its limit in population growth and has placed quotas on its birth rate. B) a society where the rate of growth of GDP minus the inflation rate equals zero. C) a society in which the fluctuations of GDP around the natural level of output sum to zero. D) a society with no productivity growth in which any additional good enjoyed by one person requires that something be taken away from someone else.
When investment banks buy or sell securities on their own account, it's called
A) financial engineering. B) proprietary trading. C) underwriting. D) factoring.
GE Appliance Division believes which of the following warrants shifting assembly of appliances back from Shanghai to Louisville, KY:
a. The negotiation of a two-tiered wage structure for union labor, b. Faster innovations when product design engineers and assembly line team leaders are located in the same place, c. quicker delivery to retail dealers reduce inventory storage d. none of the above, e. all of the above.
If marginal revenue exceeds marginal cost in the short run, total revenue for the perfectly competitive firm is greater than total cost
a. True b. False Indicate whether the statement is true or false