Sonia has a BAin art history, and is currently working full-time as a waitress. The Bureau of Labor Statistics would count Sonia as:
A. employed.
B. underemployed.
C. unemployed.
D. a discouraged worker.
A. employed.
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If Matt's disposable income increases from $4,000 to $4,500 and his level of saving increases from $200 to $325, it may be concluded that his marginal propensity to:
A. save is 0.30. B. consume is 0.80. C. consume is 0.75. D. save is 0.60.
Policies designed to pay off the national debt will result in:
A. A smaller level of aggregate demand B. Inflation. C. A higher level of aggregate demand. D. A redistribution of income but not wealth.
The marginal tax rate can be calculated by which of the following formulas?
A) the change in taxes due divided by the change in taxable income B) the change in taxable income divided by the change in taxes due C) total taxes due divided by total taxable income D) total taxable income divided by total taxes due
Forward exchange contracts are used for hedging but not for speculating.
Answer the following statement true (T) or false (F)