Which component of consumption has a negative or indirect relationship with consumption?
A. Real income
B. Wealth
C. Expected future income
D. Interest rates
Answer: D
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The data in the above table indicate that the economy will be in a short-run macroeconomic equilibrium at a price level
A) between 130 and 121. B) between 119 and 111. C) of 120. D) of 110.
One of the most widely reported measures of inflation is the: a. consumer price index. b. producer price index. c. GDP deflator
d. Gini coefficient. e. real interest rate.
The reciprocal of the reserve requirement is called the:
a. spending multiplier. b. tax multiplier. c. lending multiplier. d. deposit expansion multiplier. e. excess reserve multiplier.
Relative to a profit-maximizing monopolized industry that is producing 8,000 units of output at a price of $10 per unit, a competitively organized industry under the same circumstances would produce ________ units of output and charge a price of ________ per unit.
A. more than 8,000; less than $10 B. 8,000; $10 C. less than 8,000; less than $10 D. less than 8,000; more than $10