Real consumption spending is inversely related to
a. real disposable income
b. the amount of common stock owned
c. the amount of real estate owned
d. expectations of future income
e. the interest rate
E
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Which of the following goods is likely to have a derived demand?
a. Tractor b. T-shirt c. Italian food d. Residential buildings e. Cigarettes
If Sally Smith creates VCU1 by playing an online game, the effect is to cause the nation's:
a. Monetary base to rise. b. M2 money supply to rise. c. M2 money multiplier to rise. d. Monetary base to remain the same.
The long-run growth framework focuses on factors affecting:
A. the business cycle. B. incentives to spend. C. both supply and demand. D. incentives to produce.
In 2008-2009, the Canadian economy experienced:
A) a decrease in the unemployment rate compared to 2007. B) an increase in jobs. C) a depression. D)the Great Recession.