Induced consumption is equal to
A. autonomous C.
B. total C.
C. autonomous C - total C.
D. total C - autonomous C.
D. total C - autonomous C.
You might also like to view...
Today, you might be buying from a regulated natural monopoly when you purchase
A) a car, a truck, or a bicycle. B) a computer, a phone, or a camera. C) natural gas or electricity. D) a house, a condominium, or a plot of land. E) food in a grocery store or in a restaurant.
Luxury brands like designer sun glasses are goods that may exhibit snob effects. Suppose this is true, and the price for a particular brand increases. What happens to the component changes in the quantity demanded?
A. Pure price effect is positive, snob effect is negative. B. Pure price effect and snob effect are positive. C. Pure price effect is negative, snob effect is positive. D. Pure price effect and snob effect are negative.
Which of the following statements is false?
A. If the current account is in surplus, the capital account must be in deficit. B. The overall sum of all the entries in the balance of payments must be zero. C. A country runs a current account surplus if it sells more of its assets abroad than it buys abroad. D. A country runs a net export deficit if it imports more than it exports.
Refer to the information. If government spends $80 billion at each level of GDP, and imposes a lump-sum tax of $100:
The following information is for a closed economy:
A. equilibrium GDP will now be $350.
B. equilibrium GDP will now be $400.
C. equilibrium GDP will now be $300.
D. the equilibrium GDP cannot be determined.