A movement along the consumption function shows the change in consumption expenditure as a result of a change in
A) disposable income.
B) the interest rate.
C) net taxes.
D) the price level.
E) saving.
A
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There are two major Internet service providers in Eduland. One company has a market share of 60% and the other firm has a market share of 40%. The Herfindahl-Hirschman Index for this industry is ________
A) 100,000 B) 1,200 C) 5,200 D) 100
In the circular flow model, households
A) spend earnings from resource sales on goods and services in the product market. B) and firms spend earnings from resource sales on goods and services in the factor market. C) sell goods and services in the input market. D) hire resources sold by firms in the factor market.
When the Fed ________ the money stock, the money supply curve shifts to the ________ and the interest rate ________, everything else held constant
A) decreases; right; rises B) increases; right; falls C) decreases; left; falls D) increases; left; rises
States' rights advocates were reluctant to interfere with a bank's freedom to give or not give credit
Indicate whether the statement is true or false