In the Keynesian model, consumption
A) is positively related to income but saving is not systematically related to either income or interest rates.
B) and saving are positively related to the real interest rate.
C) and saving are positively related to income.
D) is positively related to income and saving is negatively related to the stock market.
C
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Dumping is defined as the situation in which
A) foreign producers sell a product at a price below the cost of production. B) domestic producers are protected by tariffs. C) domestic producers sell a product at prices below the cost of production. D) foreign producers sell a product at a price above a fair level. E) domestic producers cut production to drive up domestic prices.
Stadiums and arenas built for use by professional sports teams are often paid for by local governments using tax dollars
What kind of goods are these stadiums and arenas, and why would government use tax dollars to pay for them when the professional sports franchises that use them are generally quite successful, financially?
Firms engage in odd pricing when they charge prices that appear to be less than they really are; for example, charging a price of $4.95 instead of $5.00 and $.99 instead of $1.00
How have researchers tried to determine whether odd pricing is successful in convincing consumers that odd prices are less than they really are?
Which of the following is the best definition of money?
a. anything generally accepted as a payment for goods or repayment of debt b. anything that is a liability of the federal government c. anything that is a liability of a commercial bank d. the outstanding balances of households on credit cards