When personal savings rates are ________, it takes ________ change in government purchases to have a given amount of impact of real GDP.
A. higher; more
B. unstable; less
C. unstable; more
D. higher; less
Answer: A
You might also like to view...
In the above table, the marginal revenue from the fourth unit of output is
A) $30. B) $147. C) $150. D) $180.
In the above graphs, an inverse relationship is shown by
A) Graph A. B) Graph B. C) Graph C. D) Graph D.
According to Friedman's permanent income hypothesis, which of the following statements about transitory income is true?
a. It reflects the unexpected gains of income are transitory income. b. It reflects the income of people who have temporary employment. c. People's consumption depends on transitory income. d. It reflects the income of retired people. e. Habitual losses (or gains) at gambling are transitory income.
Which of the following is not an accurate statement about money market accounts?
(A) They pay a higher rate of interest than savings accounts. (B) They can be used for writing checks. (C) They offer a fixed interest rate. (D) They can be used for saving.