If the APS falls by .01 how much does total saving fall?
C = $4.5 trillion
Disposable income = $5 trillion
Autonomous consumption = $3 trillion
$5 trillion × .01 = $50 billion
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A) location hypothesis B) geography hypothesis C) institutions hypothesis D) culture hypothesis
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A) greater than value of marginal product. B) equal to the marginal cost of labor. C) less than value of marginal product. D) unacceptable to the workers hired.
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A. money multiplier. B. reserve ratio. C. federal funds. D. demand deposits.
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A. P = MC. B. P = AC. C. MC = AC. D. P > AC.