The fraction of a change in disposable income that is spent on consumption is the
A) marginal propensity to consume.
B) marginal dissaving ratio.
C) expected future disposable income.
D) marginal buying power of money.
E) marginal propensity to dissave.
A
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A game in which firms act together to increase their mutual payoff is called a ______.
a. non-cooperative game b. binding contract c. cooperative game d. payoff matrix
The formal recognition of the threat to the European Union allowed for ________ because the systemic risk clauses of Articles 123 and 125 were invoked.
A. cross-national bailouts B. purchase of debt by the European Central Bank C. tax cuts D. increases in spending
The crowding out effect:
A. increases the multiplier effect, so that an increase in taxes reduces income by less. B. decreases the multiplier effect, so that an increase in taxes reduces income by less. C. increases the multiplier effect, so that an increase in taxes reduces income by more. D. decreases the multiplier effect, so that an increase in taxes reduces income by more.
Which of the following is NOT a function of the Federal Reserve System?
A. making loans to private firms B. supervising member banks C. holding deposits of member banks D. providing for check collection and clearing