The slope of the consumption function is also known as
a. the consumption ratio
b. the average propensity to consume
c. autonomous consumption spending
d. the marginal propensity to consume
e. multiplying propensity to consume
D
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One reason for the extraordinary growth of foreign financial markets is
A) decreased trade. B) increases in the pool of savings in foreign countries. C) the recent introduction of the foreign bond. D) slower technological innovation in foreign markets.
The Fed pledged to continue QE3 until:
A) inflation got out of control B) real GDP and employment returned to more normal levels C) the financial crisis was over D) it was time to begin QE4
The marginal revenue curve is below the demand curve
A. If a firm must lower its price to sell additional output. B. When a market is characterized by economies of scale. C. For a competitive firm. D. For all firms.
Monopolistically competitive firms, like perfectly competitive firms, sell a differentiated product.
Answer the following statement true (T) or false (F)