When consumption expenditure is ________ disposable income, saving is ________
A) greater than; positive
B) equal to; positive
C) less than; positive
D) less than; negative
E) equal to; negative
C
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Discretionary fiscal policy to stimulate the economy includes ________
A. lowering the tax rate paid by households with middle incomes B. raising the tax on gasoline C. the fall in tax revenue as the economy goes into recession D. the rise in tax revenue collected from businesses as their profits in-crease
For the regression equation Q = 100 - 10X + 0.25X2, which of the following statements is true?
A) X2 is the more important variable because it is positive. B) When X decreases by one unit, Q decreases by 10 units. C) When X increases by 10 units, Q decreases by 1 unit. D) The change in Q associated with a one unit increase in X depends on the initial level of X.
As a portion of GDP, government purchases include:
A.) Food stamps. B.) National defense expenditures. C.) Unemployment benefits. D.) Welfare checks.
Signaling is when someone takes action to:
A. reveal one's own private information. B. find out the opportunity cost of acquiring more information. C. reveal private information about someone else. D. None of these statements is true.