If disposable income is $400 billion, autonomous consumption is $60 billion, and MPC is 0.8, what is the level of saving?
a. $20 billion.
b. $210 billion.
c. $380 billion.
d. $590 billion.
e. $780 billion.
a
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In the figure above, the shift from DLF1 to DLF2 could result from
A) an increase in a government budget surplus. B) the economy entering a recession. C) the economy entering a strong expansion. D) an increase in the nominal interest rate. E) a decrease in the real interest rate.
The above figures show the market for hamburger meat. Which figure(s) shows the effect of a new report by the U.S. Surgeon General that beef consumption is healthier than previously believed?
A) Figure A B) Figure B C) Figure D D) Figure A and B
GDP includes the value of paper clips but does not also count the value of the metal used to make them
a. True b. False Indicate whether the statement is true or false
Economists who criticize trade adjustment assistance argue that:
A. it only benefits a very small fraction of all unemployed workers. B. money spent on the program overstimulates aggregate demand and threatens to cause inflation. C. benefits are too low to provide unemployed workers with a livable wage. D. it distorts patterns of foreign trade, reducing the gains from trade.