Which of the following is not included in the sum of national income?
A. Interest
B. Rent
C. Depreciation or consumption of fixed capital
D. Profits and losses
Answer: C
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A bank manager tells you that she doesn't create money. She just lends the money that people deposit. Explain why she's wrong
What will be an ideal response?
The fraction, or percentage, of total income which is saved is called the:
A. Average propensity to save B. Marginal propensity to save C. Disposable income schedule D. Saving schedule
Answer the question using the table. Figures are in billions of dollars. The equilibrium interest rate and quantity of loanable funds demanded and supplied in this market will be
A. 12 percent and $22 billion. B. 14 percent and $26 billion. C. 10 percent and $18 billion.
Which view of the causes of the Great Depression emphasizes that there is little evidence that the economy was suffering from any real shortage of money; the problems, instead, stemmed from a fall of private consumption and investment spending?
(a) The Monetarists' (b) The Keynesians' (c) The Austrians' (d) The International View