A form of government spending that is not made in exchange for a currently produced good or service is called
a. a transfer payment.
b. consumption.
c. investment.
d. None of the above is correct.
a
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If you fall short of a certain minimum standard of living, you are poor; once you pass this standard, you are no longer poor. This refers to the ____ definition of poverty
a. average b. absolute c. relative d. threshold
Bonds without a maturity date are called
A) zero-coupon bonds. B) preferred bonds. C) common bonds. D) consols.
If the marginal propensity to consume is 0.8, and aggregate expenditure initially increases by $100 million, then the aggregate demand curve will shift outwards by $500 million, holding the price level constant
Indicate whether the statement is true or false
Say's law states that demand creates its own supply
Indicate whether the statement is true or false