Refer to the above figure. Autonomous consumption is
A) only at point A. B) to the left of point B.
C) only at point B. D) to the right of point B.
A
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The price elasticity of demand for electricity is -0.40. By how much must the price of the electricity decrease in order for sales to rise by 12%?
a. 3%. b. 4.8%. c. 12.4%. d. 30%.
If there were no fractional reserve banking, then:
A. the reserve ratio must be 0percent. B. banks would not create money in the economy. C. there would be a very small amount of lending using deposits. D. banks would not be able to create as much money as they desired.
A deficit will burden future generations
a. because the obligation to pay it off must be faced sooner or later. b. if it produces higher interest rates when the economy is near full employment. c. because future generations will have to pay taxes to fund the interest payments to Americans who hold the debt. d. All of the above are correct.
Microsoft's government-granted exclusive right to make and sell the Windows operating system is called a