Refer to the above figure. Line BCD is called
A) the consumption function. B) the 45-degree line.
C) the savings function. D) the saving function.
A
You might also like to view...
The marginal tax rate is the
A. total amount of taxes paid as a percentage of total income. B. increase in taxes as a percentage of an increase in income. C. sum of all individual tax rates. D. tax rate paid by those with the lowest family incomes.
Answer the following statements true (T) or false (F)
1. Prior to 2006, the most severe trough in a U.S. business cycle since the Great Depression occurred in 1981–1982. 2. Psychological forces usually tend to moderate cyclical movements of the economy. 3. A recession is defined as a period in which real GDP is negative for two consecutive quarters. 4. Interest rates usually rise during the contraction phase of the business cycle. 5. The level of business activity at any time is affected by the trend, seasonal variations, random fluctuations, and cyclical fluctuations.
Without money, the process of acquiring goods and services would be much more efficient.
Answer the following statement true (T) or false (F)
Recall the Application about reducing pollution generated from international shipping to answer the following question(s).Recall the Application. Of the following CO2 reduction methods for international shipping, which has the lowest marginal abatement cost (MAC)?
A. weather-sensitive routing B. switching from diesel to gas-powered engines C. reducing speed and increasing fleet size D. installing fixed sails and wings