Refer to the above figure. The figure represents the consumption function for a consumer. The distance between A and B represents
A. the amount of autonomous saving.
B. the amount of autonomous consumption.
C. the amount of total consumption.
D. none of these.
Answer: D
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Which of the following changes while moving along the aggregate demand curve?
A) future incomes of households B) the price level C) the amount of money in the economy D) future profits from investment projects
Who owns the Federal Reserve banks?
A) the private commercial banks in each district which are members of the Federal Reserve System B) those households which have purchased stock in Federal Reserve System C) the federal government D) the governments of the states in which the banks are located
The multiplier can be expressed as the ratio of the change in Y over the change in I.
Answer the following statement true (T) or false (F)
The highest grade on a corporate bond is
A. AAA. B. Corporate Ace. C. Prime Plus. D. No-Risk-Stellar.