________: the change in saving with respect to a change in disposable income
Fill in the blank(s) with correct word
Marginal propensity to save
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The U.S. Securities and Exchange Commission ________
A) oversees lending policies at commercial banks B) directs credit to underserved segments of the financial sector C) promotes transparency in direct finance transactions D) advises households and businesses on the best companies in which to invest
Consider the following linear demand function where QD = quantity demanded, P = selling price, and Y = disposable income: QD = ?36 ?2.1P + .24Y The coefficient of P (i.e., ?2.1) indicates that (all other things being held constant):
a. for a one percent increase in price, quantity demanded would decline by 2.1 percent b. for a one unit increase in price, quantity demanded would decline by 2.1 units c. for a one percent increase in price, quantity demanded would decline by 2.1 units d. for a one unit increase in price, quantity demanded would decline by 2.1 percent e. none of the above
Which of the following would be likely to cause a nation's currency to depreciate?
a. an increase in foreign demand for the nation's products b. a lower domestic rate of inflation than that of the nation's trading partners c. higher domestic interest rates d. higher foreign interest rates
Which functions of money could each item fulfill?
