Exhibit 8-2 Consumption function
As shown in Exhibit 8-2, dissaving occurs:
A. at $5 trillion.
B. between 0 and $4 trillion.
C. where disposable income is greater than $4 trillion.
D. at $8 trillion.
Answer: B
You might also like to view...
What is the difference between the Current Population Survey and the establishment survey? What are the major drawbacks for each of these measures of unemployment?
What will be an ideal response?
In a monopolistically competitive market:
A. firms produce differentiated products. B. firms produce homogeneous products. C. the demand for any firm's product is perfectly elastic. D. there are barriers to entry.
Marginal revenue is
A) total revenue divided by the total quantity of output. B) the change in profit divided by the change in the quantity of output. C) the change in total revenue divided by the change in total cost. D) the change in total revenue divided by the change in the quantity of output.
On the upward sloping portion of a firm's long-run average cost curve, it is experiencing
A. constant returns to scale. B. diminishing marginal returns. C. diseconomies of scale. D. economies of scale.