The marginal propensity to consume varies with income levels but is independent of consumer expectations
a. True
b. False
Indicate whether the statement is true or false
False
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Comparing the United States economy in the 1920s with the economy in the 1990s, both decades
A. had slow economic growth. B. had a lack of any government regulation of the stock market. C. suffered from economic depressions. D. had soaring stock
Competitive firms are able to set price above marginal cost when
A) the markup is less than the cost of going to another store. B) the markup is greater than the cost of going to another store. C) all consumers have full information. D) consumers know what other stores are charging.
A decrease in the value of money __________ the quantity of money demanded. On a graph with the value of money on the vertical axis this effect on the value of money on quantity demanded is shown as ____________
Fill in the blank(s) with correct word
Which of the following is not included in M1?
A) retail money market mutual funds B) checkable deposits C) traveler's checks D) all of the above