Along the 45° reference line
A. the relationship between consumption and income is represented.
B. consumption expenditures equal saving.
C. the average propensity to consume is represented.
D. planned real expenditures equal real disposable income.
Answer: D
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Indicate whether the statement is true or false
Criteria for an optimum currency area include all the following except
A) fiscal transfers. B) similar business cycle patterns. C) extensive trade with each other. D) a common language.
Only _________ of new businesses survive.
a. 5% b. 10% c. 20% d. 40% e. 50%
Usury is considered the charging of
A. higher interest rates than people are willing to pay. B. lower interest rates than people are willing to pay. C. unconscionably high interest rates. D. extremely low rates of interest.