The vertical intercept of the consumption function is used to determine the break-even level of real disposable income
a. True
b. False
Indicate whether the statement is true or false
False
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The marginal utility per dollar that Harold Stratton receives from oranges is greater than the marginal utility per dollar Harold receives from pears. To maximize his utility, what should Harold do?
A) He should buy fewer pears and more oranges. B) He should buy fewer oranges and more pears. C) He should reduce his consumption of both oranges and pears so that he can buy a greater variety of goods. D) He should acquire more income so that he can afford to buy more oranges and pears.
What are the major components of M1? What are the major components of M2? Describe each component
What will be an ideal response?
Price indexes:
A. allow us to convert nominal measures of output into real measures of output. B. let us measure how much real stuff we get for our money. C. like the CPI or GDP price deflator are used to measure the aggregate price level. D. All of these statements are true.
To increase domestic investment, a country must increase its saving
a. True b. False Indicate whether the statement is true or false