Which of the following would not increase autonomous consumption spending?
a. Expectations of greater future income
b. A lower interest rate
c. Reduced consumer debt
d. Increased household wealth
e. Increased disposable income
E
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Internal improvements are important to a developing and growing economy
Indicate whether the statement is true or false
As illustrated in the textbook, the government can further increase the support price of a commodity by purchasing excess supplies and using a:
A) production quota. B) consumption tax. C) excess profits tax. D) minimum wage.
Assume a simplified banking system subject to a 20 percent required reserve ratio. If there is an initial increase in excess reserves of $100,000 . the money supply:
a. increases $100,000 b. increases $500,000. c. increases $600,000 d. decreases $500,000.
Owner-provided capital and owner-provided labor are examples of
A) explicit costs. B) implicit costs. C) normal rate of return. D) accounting costs.