Refer to the information provided in Table 23.4 below to answer the question(s) that follow.
Table 23.4
Refer to Table 23.4. Assuming society's MPC is constant, at an aggregate income of $1,000 aggregate saving would be
A. $50.
B. $150.
C. $225.
D. $425.
Answer: A
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A) the national debt must be decreasing. B) a budget surplus exists. C) Congress is obliged to raise taxes. D) a budget deficit exists.
In the Cournot model, if the products are differentiated
A) this reduces the pressure of one firm's decisions on the other. B) this increases the pressure of one firm's decisions on the other. C) there is no difference between this model and one with homogeneous goods. D) marginal costs are necessarily different.
A private investment firm that holds a portfolio of securities is called a mutual fund.
Answer the following statement true (T) or false (F)
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a. True b. False Indicate whether the statement is true or false