Consumption of fixed capital (depreciation) can be determined by:
a) adding taxes on production and imports to NDP.
b) subtracting NDP from GDP.
c) subtracting net investment from GDP.
d) adding net investment to gross investment.
b) subtracting NDP from GDP.
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The average propensity to consume (APC) is
A) the rate at which real consumption spending changes over time. B) the percentage of real disposable income saved. C) the percentage of additional real disposable income that will go toward additional consumption spending. D) the percentage of real disposable income consumed.
Increased liquidity in the banking system occurs when ________
A) people buy more bonds B) the demand for real money balances declines C) banks buy more bonds from the central bank D) all of the above E) none of the above
M2 is actually a smaller amount than M1
a. True b. False Indicate whether the statement is true or false
Which of the following will occur once decisions makers fully adjusted to an increase in prices?
What will be an ideal response?