According to the text, which of the following is a determinant of macroeconomic performance?
A. Prices
B. Policy levers
C. The unemployment rate
D. The international value of the dollar
B. Policy levers
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The economic way of thinking assumes
A) people act selfishly. B) people act altruistically. C) people act to promote the projects in which they are interested. D) people do not act at all; they merely react to the environment around them.
If the consumption function can be described as C = 200 + .80Y, the marginal propensity to save is equal to
A) -0.80. B) 0.80. C) 0.20. D) 200.
Leakages are greater than injections when total planned expenditures exceed real GDP
a. True b. False Indicate whether the statement is true or false
Society's core economic problem is
a. the role of government in the economy b. a scarcity of land, labor, and machinery to produce goods and services c. the federal budget deficit d. an unequal distribution of income e. low living standards