The common currency of the EU, the euro, was created in
A) 1985.
B) 1992.
C) 1999.
D) 2004.
C
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If technological change occurs in the economy
A) we will move up along the long-run aggregate supply curve. B) we will move down along the long-run aggregate supply curve. C) the long-run aggregate supply curve will shift to the right. D) the long-run aggregate supply curve will shift to the left.
People tend to remain in those occupations that require continuous time and financial commitments to remain productive
a. True b. False Indicate whether the statement is true or false
If disposable income is $900 billion when the average propensity to consume is 0.8, it can be concluded that:
a. Consumption is $800 billion b. The marginal propensity to save is 0.1 c. The marginal propensity to consume is 0.9 d. Saving is $180 billion
Exhibit 8-8 Consumption function
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In Exhibit 8-8, which of the following could cause the movement from C1 to C2?
A. higher wealth B. higher interest rates C. higher taxes D. a technological breakthrough