Refer to the information provided in Table 23.1 below to answer the question(s) that follow. Table 23.1
Refer to Table 23.1. The equation for the aggregate consumption function is
A. C = 80 + 0.95Y.
B. C = -80 + 0.45Y.
C. C = 80 + 0.9Y.
D. C = 80 + 0.75Y.
Answer: C
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M1 differs from M2 in that:
A. M2 includes savings deposits, small-denomination time deposits, and money market mutual funds that are not included in M1. B. M1 includes currency and balances held in checking accounts, which are not included in M2. C. the assets in M2 are more liquid than the assets in M1. D. M1 is a broader measure of the money supply than M2.
In 2012, which of the following countries had the highest share of investment spending in GDP?
A) China B) France C) the United States D) Germany
To the extent that special-interest groups engage in rent seeking, they
a. are guilty of tax evasion b. tend to make the economy more efficient c. support legislation transferring wealth to themselves only if the measure increases the economy's overall efficiency d. shift resources from endeavors that create income to activities that simply transfer income e. tend to increase the economy's total output of goods and services while redistributing income
Related to the Economics in Practice on p. 647: Surveys by the bank of England suggest that two important factors in influencing ________ are gas prices and media attention to price increases.
A. the stock of money B. the income velocity of money C. consumer perceptions of inflation D. interest rates