The slope of the consumption function shows how:
a. consumption changes over time.
b. consumption changes as household size changes
c. consumption changes as the price level changes.
d. income changes as the level of consumption changes.
e. consumption changes as the level of income changes.
e
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Which of the following is taxed under the current corporate income tax structure?
a. dividends b. interest payments c. fringe benefits d. worker salaries
If a country's current account balance is zero and the financial payments flowing in and out of the country's economy are equal, then which of the following must be a true statement?
a. It has an overall or net inflow of financial investment. b. It is not an overall or a net investor in other countries. c. It has an overall or net outflow of financial investment. d. Its government is not indebted to other governments.
The fair insurance price is where ____________, where Y is the income that is lower than the income involving the fair insurance
Fill in the blank(s) with the appropriate word(s).
Since most economies, on average, ________ over time, business cycles show a ________ trend.
A. suffer recessions; negative B. sow down; negative C. grow; positive D. remain stable; zero