The individual demand curve shows the relationship between quantity demanded and the price of a product.
Answer the following statement true (T) or false (F)
True
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Explain how comparing two-earner and one-earner households can be used to illustrate the problem of using money income as a measure of well-being
What will be an ideal response?
If the level of consumption is? $120 billion and disposable income is? $150 billion, then the
A. APC? = 0.8 and saving is positive. B. APC? = 0.8 and saving is negative. C. APC? = 0.75 and saving is positive. D. APC? = 0.75 and saving is negative.
What causes inflation?
A. An increase in nominal GDP. B. An increase in real interest rates. C. An increase in the money supply. D. An increase in real GDP.
If consumption spending increases by $10 million with no changes in net taxes, then:
A. private saving decreases. B. public saving increases. C. private saving increases. D. public saving decreases.