Autonomous expenditure times the multiplier equals
A) autonomous consumption. B) equilibrium GDP.
C) autonomous saving. D) planned autonomous investment.
B
You might also like to view...
An increase in credit market frictions
A) decreases labor supply. B) decreases labor demand. C) decreases consumption demand. D) decreases investment demand.
One of the difficulties in implementing monetary policy is the time it takes:
A. to pass new monetary policy once the Fed has decided action is needed. B. monetary policy to have an effect in the economy once enacted. C. to enact monetary policy once the Fed has decided action is needed. D. to get approval from the Congress to implement the policy.
Taylor's marginal utility from watching movies and from eating out (in utils) is shown in the accompanying table. Taylor spends exactly $100 every month on these two forms of entertainment; the price of each movie is $10 and the price of each dinner is $20.MoviesPer MonthMarginal UtilityPer MovieDinners OutPer MonthMarginal UtilityPer Dinner160115025021403203120454100 If Taylor eats out 3 times a month, Taylor will watch ________ movies, and have marginal utility per dollar of ________ from eating out and a marginal utility per dollar of ________ from going to the movies.
A. 3; 4; 4 B. 4; 6; 1/2 C. 3; 2; 6 D. 4; 6; 2
____________ is the extra usefulness or satisfaction that a person gets from acquiring one or more unit of a product.
a. marginal utility b. diminishing marginal utility c. income effect d. change in demand