Real income can be measured by
A) the slope of the budget line.
B) the area under the budget line.
C) the length of the budget line.
D) an intercept of the budget line.
D
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By 1900, what did the National Banking System under the Bank Act of 1863 (and subsequent amendments) help national banks attain?
(a) A majority of banking establishments (b) A majority of banking assets (c) A monopoly issue of paper money (d) All of the above
The formula to compute the spending multiplier is:
a. 1 / (MPC + MPS). b. 1 / (1 ? MPC). c. 1 / (1 ? MPS). d. 1 / (C + I).
The labor-supply curve is affected by the trade-off between labor and leisure
a. True b. False Indicate whether the statement is true or false
If the price of a good ____________, the demand for its complements will __________
A) rises; fall B) falls; rise C) falls; fall D) rises; rise E) a and b