The marginal propensity to consume _____
Fill in the blank(s) with the appropriate word(s).
is the change in consumption relative to a change in disposable income.
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Which of the following should be included in U.S. GDP?
A) a 3D television manufactured in Thailand and sold in the United States B) a 3D television manufactured in the United States and sold in Thailand C) a 3D television manufactured in Thailand by a U.S. firm and sold in the United States D) a used 3D television manufactured in the United States and sold in Thailand
Bankers have a reputation for conservatism in politics, dress, and business affairs. Is there an economic rationale for this conservatism? Explain
What are two main economic objections to the PPACA?
What will be an ideal response?
Other things equal, a decrease in government spending ________ the equilibrium interest rate and ________ equilibrium output.
A. decreases; decreases B. decreases; increases C. increases; decreases D. increases; increases