Let C = 150 + 0.5y and I = 45. At the equilibrium level of income, y*, the level of saving is
A) 45. B) 75. C) 105. D) 150.
A
Economics
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When the government deliberately alters its level of spending? and/or taxes in order to achieve specific national economic? goals, it is exercising
A) a laissez-faire policy.
B) discretionary fiscal policy.
C) monetary policy.
D) a Ricardian policy.
Economics
By the eve of World War I, the United States accounted for more than ___ of the world's industrial production. a.15% b.30% c.60% d.90%
Economics
In a perfectly competitive, decreasing-cost industry, the long-run market supply curve slopes downward
a. True b. False
Economics
If the multiplier is 4, a $15 billion increase in government expenditures will shift the AD curve to the:
A. right by $15 billion. B. left by $60 billion. C. left by $15 billion. D. right by $60 billion.
Economics