The fiscal year for the Federal government begins
A. January 1.
B. October 1.
C. July 1.
D. December 1.
Answer: B
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According to Keynes
A) consumption is directly related to income but saving has no relationship with income. B) consumption is directly related to income but saving is inversely related to income. C) both consumption and saving are positively related to real disposable income. D) consumption is positively related to the interest rate.
If planned aggregate expenditure equals GDP, the economy is in macroeconomic equilibrium
Indicate whether the statement is true or false
If on a given product indifference curve, a firm is using an insufficient (nonoptimal) amount of one of its inputs,
A. output will be below optimal. B. the MRP of the input will be below its price. C. costs will not be minimal. D. relative input prices need to change.
A rise in the tax rate on businesses leads to ________
A) a decline the desired level of capital and an increase in investment B) a decline in the desired level of capital and a decrease in investment C) an increase in the desired level of capital and a decrease in investment D) an increase in the desired level of capital and an increase in investment