If the marginal propensity to consume is 0.6, the marginal propensity to save is
A) 0.4. B) 0.6. C) 1. D) 1.5.
A
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Frictional unemployment is:
A. short-term unemployment that is associated with the process of matching workers with jobs. B. the extra unemployment that occurs during periods of recession. C. the additional unemployment not captured in official statistics resulting from discouraged workers and involuntary part-time workers. D. the unemployment that results when people retire or leave the labor force.
The relationship between GDP and the money supply has gotten stronger since the 1980s
Indicate whether the statement is true or false
Trades between risk lovers and risk takers
a. Move assets to lower-value use b. Move assets to higher value use c. Create wealth d. Both B&C
In most areas, there are a large number of qualified primary care physicians whose services are highly personalized. In addition to price, factors such as age, sex, location, and personality influence the choice of physician. The primary care physician market is probably: a. perfectly competitive
b. oligopolistic. c. monopolistic. d. monopolistically competitive.