The Marginal Propensity to Consume (MPC) is defined as the change in
a. C over the change in DI.
b. income over the change in disposable income.
c. DI over the change in C.
d. total income over the change in net income.
a
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The aggregate demand curve tells us equilibrium real GDP at any price level
a. True b. False
Which of the following statements is most correct?
A. A sterilized foreign exchange intervention will alter the composition of a central bank's assets and alter commercial bank reserves. B. A sterilized foreign exchange intervention will leave the central bank's holdings of foreign reserves unchanged. C. A sterilized foreign exchange intervention will not alter the composition of a central bank's assets. D. An unsterilized foreign exchange intervention will alter commercial bank reserves.
A situation in which output decreases while prices increase is often referred to as:
A. inflation. B. negative economic growth. C. a recession. D. stagflation.
While Africa has the largest numbers of working children, Asia has the highest proportion of working children, with an estimated one in four employed
Indicate whether the statement is true or false