The consumption function shows how much
A. households plan to consume per year at each level of savings.
B. real disposable income people will earn at each income tax bracket.
C. households plan to consume per year at each level of real disposable income.
D. households plan to consume per year at each possible interest rate.
Answer: C
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Refer to the table below. The average cost of 4 units of this activity is:Units ofActivity TotalCostTotalBenefit0$0$01$30$1002$40$1603$60$1904$100$2105$150$2206$210$225
A. $25 B. $30 C. $20 D. $40
If the growth rate of real GDP rises from 3% to 4% per year, then the number of years required to double real GDP will decrease from
A) 11.2 years to 10.8 years. B) 23.3 years to 17.5 years. C) 28.0 years to 21.0 years. D) 23.3 years to 20.6 years. Table 21-1 Year Real GDP (billions of 2000 dollars) 2013 $8,700 2014 8,875 2015 9,000 2016 9,280
________ imposes a conceptual structure and inherent discipline on policy makers, but without eliminating all flexibility
A) Constrained discretion B) A policy rule C) A discretionary policy D) The Taylor rule
Refer to the above figure. Which panel is consistent with the Fed buying bonds?
A) Panel A B) Panel B C) Panel C D) Panel D