Suppose autonomous consumption is 3000, induced consumption is 500 and disposable income is 2500. We may conclude that the
A. APC and APS are both negative.
B. APC and APS are both positive.
C. APC is positive and APS is negative.
D. APS is positive and APC is negative.
C. APC is positive and APS is negative.
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The three functions of money are
A. implementing monetary policy, fiscal policy, and structural policy. B. spending for consumption, investment, and government purchases. C. serving as a medium of exchange, unit of account, and store of value. D. measuring balance of payments, exchange rates, and interest rates.
In April, market analysts predict that the price of titanium will fall in May. What happens in the titanium market in April, holding everything else constant?
A) The quantity demanded and the quantity supplied increase. B) The supply curve shifts to the right. C) The supply curve shifts to the left. D) The demand curve shifts to the right.
If a firm decides to ignore the reactions of its rivals to its policies, the appropriate model to analyze its behavior is
A. game theory. B. perfect competition. C. monopoly. D. cartels.
Economic indicators, like unemployment claims and the average workweek, which change before real GDP changes, are called _____________ economicindicators.
A. leading. B. lagging. C. coincident. D. structural.