Proponents of a balanced government budget acknowledge that running a budget deficit is justifiable in time of war
a. True
b. False
Indicate whether the statement is true or false
True
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If consumption is defined as C = 2,400 + 0.9Y, then the marginal propensity to consume is 0.9
Indicate whether the statement is true or false
In Figure 3-3 above, autonomous planned spending is
A) 400. B) 400 + 0.6Y. C) 0.8Y. D) 400 - 0.6Y. E) 0.
In the aggregate demand–aggregate supply model, which of these changes is most likely when the cost of production increases in the long run? a. A leftward shift of the short-run aggregate supply curve b. A leftward shift of the short-run aggregate demand curve c. A rightward shift of the short-run aggregate supply curve d. An increase in the potential output level increases
e. A decrease in the actual price level decreases.
Quality information for goods that are sold online:
A. is available from ratings given by other buyers. B. is of no value because anyone can write anything on the Internet. C. is unavailable because online sellers cannot be identified with certainty. D. is ineffective at reducing asymmetric information problems.