When disposable income is 6000, how much is consumption?
4000
You might also like to view...
In the figure above, the economy is at an equilibrium with real GDP of $16 trillion and a price level of 110. As the economy moves toward its ultimate equilibrium, the ________ curve shifts ________ because ________
A) aggregate supply; leftward; the money wage rate rises B) aggregate supply; rightward; the money wage rate falls C) aggregate demand; rightward; the money wage rate falls D) aggregate demand; leftward; the money wage rate rises E) potential GDP; leftward; the money wage rate falls
Kate takes a part-time job and the sacrifice of study time causes her grade point average to fall from 3.5 to 2.9 . Assume that the grade point average would have stayed at 3.5 if study time had not been reduced. The opportunity cost of having taken the job is the
a. cost of tuition b. 3.5 grade point average c. 0.6 decrease in the grade point average d. 2.9 grade point average e. money earned from the part-time job
Changes in the value of the euro affect the economies of
A. No countries as long as exchange rates are flexible. B. Only those countries using the euro as currency. C. Potentially the entire world. D. All European countries, but there would be no significant impact on countries outside Europe.
Refer to the graph shown. The shift from SATC1 to SATC2 reflects:
A. diseconomies of scale. B. increasing marginal productivity. C. diminishing marginal productivity. D. economies of scale.