Which of the following is a transactions account?
a. Currency
b. Travelers' checks
c. A savings account
d. A credit card balance
e. A demand deposit
e
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The marginal propensity to consume (MPC)
A) shows the percentage of real disposable income consumed at each level of income. B) shows how much of an extra dollar of real disposable income is spent. C) shows how much real disposable income changes when consumption falls. D) is greater than 1 only if the marginal propensity to save is greater than 1.
Based on the information in the above table, what is the unemployment rate?
What will be an ideal response?
The concept of economic rent applies to
A. all wage and salary earners. B. no wage or salary earners. C. only owners of real estate. D. people with rare valuable skills.
Suppose there is a 5 percent increase in nominal demand in every industry in an economy. Factors that keep the price level from also rising by 5 percent are called
A) real rigidities. B) nominal rigidities. C) macroeconomic externalities. D) indexations.