The vertical intercept of the consumption function equals ________ and the slope equals ________.
A. autonomous consumption; the MPC.
B. the planned component of consumption; the unplanned component of consumption.
C. the unplanned component of consumption; the planned component of consumption.
D. the MPC; autonomous consumption.
Answer: A
You might also like to view...
A U.S. company that wishes to sell more to other countries would favor
A) an appreciation of the dollar. B) a depreciation of the dollar. C) neither an appreciation nor a depreciation of the dollar. D) higher interest rates.
Use the firm's long-run cost-minimizing decision rule to explain the differences in the relative use of capital and labor in agriculture in the United States and the Peoples Republic of China
What will be an ideal response?
Answer the following statements true (T) or false (F)
1) The present value of a bond is the only price that buyers are willing to spend on the bond and the only price sellers are willing to accept for the bond. 2) Junk bonds sell for higher prices than non-junk bonds. 3) The present value of a bond is the only price that buyers are willing to spend on the bond and the only price sellers are willing to acce244) A profit-maximizing manager should always calculate the net present value and use the net present value rule to evaluate any business decision that involves the payment or receipt of money at different times in the future.pt for the bond. 4) Profit-maximizing managers should make efforts to receive profits in future and incur costs in the present. 5) Interest paid of debt-financed investments is referred to as a tax shield.
If people like their goods in fixed proportions, the two goods are
a. perfect substitutes b. perfect complements c. complements (but not perfect) d. substitutes (but not perfect)