Maryanne expects to work for another 30 years and expects to live another 10 years after she retires. If Maryanne completely smooths consumption over her lifetime, her marginal propensity to consume out of permanent increases in income is
A) 0.25.
B) 0.33.
C) 0.67.
D) 0.75.
D
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Property and casualty insurance companies are supervised and regulated by the
A) Federal Home Loan Bank Board. B) Securities and Exchange Commission. C) states in which they operate. D) Federal Reserve.
Economics is the study of the logic of
a. rational decisions. b. decision-making activities. c. ends and means. d. choosing options from those available. e. All of the above are correct.
A major macroeconomic leakage from the circular flow is:
a. Saving b. Gross private domestic investment c. Government spending. d. All of the above. e. None of the above.
Which of the following areas of study typifies microeconomics as opposed to macroeconomics?
a. the impact of minimum-wage laws on employment in the fast food industry b. the effect of changes in household saving rates on the growth rate of national income c. the impact of faster money growth on the rate of inflation d. a comparison of alternative tax policies and their respective impacts on the rate of the nation's economic growth