If disposable income falls by $50 billion and consumption falls by $40 billion, then the slope of the consumption function is
What will be an ideal response?
.80
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Which financial intermediary has been required by regulation to concentrate its lending in the mortgage market?
A) commercial banks B) savings-and-loans C) credit unions D) state and local government retirement funds
Which of the following is true about market demand?
A. It is typically horizontal B. It is downward-sloping C. it is inconsistent with the law of demand D. It represents the quantity of a good people are willing, but not necessarily able to buy
Which of the following statements about unionization is true?
A. The public sector is not heavily unionized compared to the private sector. B. Union membership has risen in the last 50 years as a result of globalization. C. Work stoppages due to strikes have become less common, and shorter, in the last 50 years. D. Labor unions can increase wages but have virtually no impact on benefits.
Which of the following transactions directly leads to a surplus on the U.S. capital and financial account?
A) An American purchases a share of stock on the Tokyo exchange. B) An American sells wheat to an African nation. C) A Japanese resident purchases a U.S. government bond. D) A resident of France visits the United States.