The consumption function shows the relationship between consumption and
a. interest rates
b. saving
c. price level changes
d. GDP
e. income
E
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In 2008, the Treasury and Federal Reserve took several actions in response to the deepening financial crisis. One action was the Treasury's move to have the federal government take control of
A) JPMorgan Chase. B) Fannie Mae and Freddie Mac. C) the Federal Deposit Insurance Corporation (FDIC). D) Lehman Brothers.
The price of a coupon bond and the yield to maturity are ________ related; that is, as the yield to maturity ________, the price of the bond ________
A) positively; rises; rises B) negatively; falls; falls C) positively; rises; falls D) negatively; rises; falls
Voluntary exchanges between ________ generates surplus.
A. individuals B. countries C. firms D. All of these are true.
During the expansion phase of the business cycle, production, employment, and income ________
Fill in the blank(s) with the appropriate word(s).