The portion of income that is not immediately spent on consumption of goods and services is:
A. investment.
B. loanable funds.
C. consumption spending.
D. savings.
Answer: D
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In a constant-cost industry, an increase in price causes:
A. some firms to exit the industry. B. quantity supplied to remain constant. C. some firms to enter the industry. D. price controls.
Signals are
A) used by economic decision-makers to inform others about their plans. B) the method by which government planners inform economic decision-makers about the types of decisions they should make. C) the method by which firms determine their profit maximizing quantity. D) compact ways of conveying to economic decision makers information needed to identify industries where more resources are needed.
On the graphs above, show how the central bank implements a decrease in the inflation target. In words, explain why the change in the real interest rate is temporary
What will be an ideal response?
When deciding what to use as money, one characteristic to look for is the:
A. shape. B. stability of value. C. exchange value D. intrinsic value.