In general we can note that households with lower wealth tend to have a ________ MPC relative to wealthier households.
A. similar
B. lower
C. exactly equivalent
D. higher
Answer: D
You might also like to view...
An international financial crisis is
A) when a major bank defaults. B) the rapid withdrawal of foreign investments and loans from a nation. C) when at least one developing country defaults on its loans. D) when a world leader is deposed from office.
The Bureau of Labor Statistics counts as employed people who work part-time, but would prefer to work full-time. Suppose the people who had part-time jobs, but wanted full-time jobs, were counted as unemployed
Explain how the unemployment rate and the labor force participation rate would change.
Monetization of the deficit (or debt) means that
a. the government uses monetary policy to control the economy rather than fiscal policy. b. inflation accounting corrects for price increases. c. the Fed buys newly issued debt and increases the money supply. d. the amount of money in circulation is equal to the size of the debt.
A shortage exists
A. at the market clearing price. B. when quantity supplied is less than quantity demanded. C. when quantity supplied is greater than quantity demanded. D. in equilibrium.