Personal saving is equal to:
A. Disposable income plus consumption
B. Consumption minus disposable income
C. Disposable income minus consumption
D. Consumption divided by disposable income
C. Disposable income minus consumption
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________ is the process of determining terms of exchange by individual negotiations between a buyer and a seller
A) Backward induction B) Bilateral bargaining C) Arbitration D) Collective bargaining
Which of the following is an unit excise tax?
A. A tax of 15% B. An admission fee of $2.00 on each ticket purchased C. An ad valorem tax of $3.00 D. An income tax of $3.00
The risk premium on corporate bonds reflects the fact that corporate bonds have a higher default risk and are ________ U.S. Treasury bonds
A) less liquid than B) less speculative than C) tax-exempt unlike D) lower-yielding than
Which of the following is most likely to result in inflation?
a. Aggregate demand and aggregate supply grow at the same rate. b. Neither aggregate demand nor aggregate supply grows at all. c. Aggregate supply grows more rapidly than aggregate demand. d. Aggregate demand grows more rapidly than aggregate supply.