How much is saving?
C = $7 trillion
Disposable income = $10 trillion
Autonomous consumption = $3.5 trillion?
$3 trillion
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Between the 1970's and 1998, immigrants:
A. Were more likely to receive public assistance than people born in the United States B. Were less likely to receive public assistance than people born in the United States C. Were just as likely to receive public assistance as people born in the United States D. Did not qualify for public assistance
A demand curve for a Giffen good would be
A) upward sloping. B) downward sloping. C) horizontal. D) vertical.
According to the interest-rate-based monetary policy transmission mechanism
A) an increase in money supply will increase interest rates. B) an increase in money supply will decrease interest rates. C) a decrease in money supply will decrease interest rates. D) a decrease in money supply will not change interest rates.
The long-run aggregate supply curve
A. is vertical because there is one price level and an infinite number of outputs. B. relates the level of nominal output produced by firms to the implicit price deflator. C. relates the level of output produced by firms to the price level in the long run. D. is determined by the real output demanded by economic agents in an economy.