We should expect the consumption function to shift downward if
a. real interest rates rise.
b. price levels fall.
c. consumers become more optimistic about future incomes.
d. consumers become more pessimistic about future incomes.
d
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Among the United States, Canada, Russia, India, and the United Kingdom, the country with the highest average income per person is
A) the United Kingdom. B) India. C) Canada. D) Russia. E) the United States.
Military spending is a good example of an automatic stabilizer
a. True b. False Indicate whether the statement is true or false
Italy has a comparative advantage in the production of
A. beer.
B. pizza.
C. both beer and pizza.
D. neither beer nor pizza.
If the APS falls by .03, how much does total saving fall?
C = $7 trillion Disposable income = $10 trillion Autonomous consumption = $3.5 trillion?