Refer to the above table. The table gives the combinations of real disposable income and real consumption for a college student for a year. What is the value of the average propensity to consume when real disposable income equals $4,000?
A) 0.7 B) -0.45 C) 1.45 D) 0.69
C
Economics
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The government strives to operate at neither a deficit nor surplus budget in order to keep the federal budget
A) balanced. B) in line with the stock market. C) equal to that of other countries. D) equal to inflation.
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What does it mean to be risk averse?
What will be an ideal response?
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In Figure 23.1, for a good with no externality, which area represents the total value to the consumer? 
A. 0BCQ* B. BP*C C. 0ACQ* D. 0P*CQ*
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Which of the following is not one of the unconventional monetary policy tools used by the Fed?
A. Operation twist B. Precommitment strategy C. Dodd-Frank Act D. Quantitative easing
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