What percent of the states do not allow any branch banking?
A. 10.
B. 20.
C. 40.
D. 60.
B. 20.
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If your income increases from $40,000 to $48,000 and your consumption increases from $35,000 to $39,000 . your marginal propensity to consume (MPC) is:
a. 0.20. b. 0.40. c. 0.50. d. 0.80. e. 1.00.
Backward induction involves:
A. thinking forward and working backward. B. starting with the last choice and working backward to determine an optimal strategy. C. a process of analyzing a problem in reverse. D. All of these statements are true.
Suppose that there is a positive shock to investment demand: that is, at every interest rate, the desired amount of investment rises. In a closed economy with the national saving fixed, the real interest rate will:
A. fall. B. remain constant. C. rise. D. first fall and then rise.
Refer to the information provided in Figure 24.1 below to answer the question(s) that follow.
Figure 24.1Refer to Figure 24.1. At equilibrium, $1,000 billion represents
A. the part of consumption that is not dependent on income. B. the part of consumption that is dependent on income. C. equilibrium income. D. Both A and B are correct.