What point on the graph represents maximum consumer confidence?
a. A
b. B
c. C0
d. D
d. D
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A lower real interest rate ________ investment spending and ________ consumption spending.
A. decreases; increases B. increases; increases C. decreases; decreases D. increases; decreases
If autonomous imports increase, then the aggregate expenditure curve shifts ________ and equilibrium real GDP ________
A) upward; increases B) downward; does not change C) downward; increases D) upward; decreases E) downward; decreases
The present value of $475 received 3 years in the future would be calculated as which of the following when the interest rate is 6 percent?
A) 475 × 1.6 × 3 B) 475/(1.6)3 C) 475/(1.06)3 D) 3.06/475
Which of the following statements is TRUE if your money income stays the same but the price of one good that you are buying goes up?
A) Your effective purchasing power falls. B) Your nominal income has been decreased. C) You will have to reduce the quantities you purchase of all goods. D) Your real income has increased.