Financial intermediaries reduce individual risk because they pool the funds of savers
Indicate whether the statement is true or false
TRUE
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An increase in aggregate demand is most likely to be caused by a(n) ________.
A. decrease in the tax rates on household income B. increase in real interest rates C. decrease in expected returns on investment D. decrease in government spending
Prices of industrial products and wages tend to be the most "flexible."
Indicate whether the statement is true or false
Refer to the above graph with three demand curves. An "increase in quantity demanded" would be illustrated by a change from:
Point 5 to point 1 Point 2 to point 5 Point 4 to point 6 Point 4 to point 1
The consumption schedule is such that:
A. both the APC and the MPC increase as income rises. B. the APC is constant and the MPC declines as income rises. C. the MPC is constant and the APC declines as income rises. D. the MPC and the APC must be equal at all levels of income.