If Zander's saving is of the form [S = -150 + 0.5Y], his consumption equals his income at an income level of
A. 150.
B. 225.
C. 300.
D. 1,500.
Answer: C
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Most economists feel that the ability to alter the unemployment rate with fiscal and monetary policies is ______.
a. more limited than previously believed b. more powerful than previously believed c. impossible d. easy
The nominal distribution for count data is the:
A. binomial distribution. B. normal distribution. C. Poisson distribution. D. Bernoulli distribution.
In the circular flow model, which of the following is an injection?
A. Investment spending B. Government taxes C. Total exports D. Imports
The main purpose of hiring the celebrity endorser is to:
A. make the customers try the product for the first time. B. make the customers buy the product repeatedly. C. convince the customers that using the product will turn them into celebrities as well. D. pay for the endorser's retirement expenses.