Data from the World War II era showed that
A. savings and disposable income were at their lowest.
B. the level of savings increased.
C. consumption and disposable income had a negative relationship.
D. the stock market tumbled due to lack of individual savings.
Answer: B
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Providing unemployment insurance is one way a government can
A) create public-works programs. B) break up monopolies. C) enforce rules of exchange. D) reduce economic uncertainty.
Which of the following are examples of the gross private domestic investment component of GDP?
I. the purchase of production machinery by IBM II. an increase in the finished goods inventory at Intel A) I only B) II only C) both I and II D) neither I nor II
Why might product development be efficient and why might it be inefficient?
What will be an ideal response?
If the Fed sells Treasury bills then
A. the price of Treasury bills will fall. B. the market rate of interest on Treasury bills will rise. C. both the price of Treasury bills will fall and the market rate of interest on Treasury bills will rise. D. neither the price nor the market rate of interest of Treasury bills will be affected.