The consumption function
A. is a relationship between annual consumption and annual disposable income in an economy.
B. will shift upward if aggregate household wealth declines.
C. implies that annual consumption in an economy will be zero if disposable income is zero.
D. is a flat line with zero slope.
A. is a relationship between annual consumption and annual disposable income in an economy.
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Which of the following are true statements about IBFs?
A) IBFs are subject to reserve requirements. B) IBFs are allowed to receive deposits from, and make loans to, nonresidents of the U.S. or other IBFs. C) IBFs are subject to interest rate regulations. D) All of the above.
The Bureau of Economic Analysis refers to the difference between the values for GDP and GDI as
A) gross national product. B) net factor payments. C) transfer payments. D) the statistical discrepancy.
What special challenges existed for the former communist countries (Central and Eastern European countries and members of the Commonwealth of Independent States) transitioning from centrally planned economies to market-based economies? How successful have these countries been?
What will be an ideal response?
Command-and-control policies are undesirable ways of reducing pollution because the means of abatement they mandate may not be efficient for all firms.
Answer the following statement true (T) or false (F)