When we graph consumption as a function of national income rather than as a function of ________, the slope of this consumption function is the ________
A) disposable income; MPC
B) personal income; MPS
C) disposable income; MPS
D) personal income; MPC
A
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Income mobility
a. is a term used to characterize the ease of establishing residence or a business in a new area of the country. b. has increased in recent years because of reductions in transportation cost. c. is the term used to describe the movements up and down the economic ladder. d. is present only when the general level of prices is rising.
Suppose a British camera has a price of 200 British pounds. To a United States camera importer, its price rises from $360 to $380. This might happen when the dollar ________________ against the British pound, which means the British pound has a __________ dollar price
A) depreciates; higher B) depreciates; lower C) appreciates; higher D) appreciates; lower
Losers from inflation include:
A. those on a fixed income and savers. B. landlords and the government. C. borrowers and the government. D. those on a fixed income and borrowers.
According to the cumulative investment table above, if the real interest rate falls from 20% to 16%, then:
A. $180 billion of additional investments will be undertaken
B. $330 billion of total investments will be undertaken
C. $30 billion of additional investments will be undertaken
D. $440 billion of total investments will be undertaken