How much is autonomous consumption when disposable income is $1200 billion?
$300 billion
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Data on annual percentage changes in real GDP, consumption, and investment in the United States shows that fluctuations in investment _____
a. are noticeably smaller during expansions than during recessions b. are roughly similar to fluctuations in consumption c. are roughly similar to fluctuations in GDP d. are closely followed by economic forecasters because those fluctuations often signal that a recession will occur e. account for most of the variability in GDP
Using a toll to reduce traffic when congestion is greatest is an example of a
a. regulation solution. b. command-and-control policy. c. corrective tax. d. Coase theorem solution.
Two countries are the same, except one is poorer. Assuming the traditional assumption about the production function is made there are
a. diminishing returns to capital so the poor country grows slower. b. increasing returns to capital so the poor country grows slower. c. diminishing returns to capital so the poor country grows faster. d. increasing returns to capital so the poor country grows faster.
A craft union is a labor organization that represents people with a particular skill.
Answer the following statement true (T) or false (F)