The relationship between real consumption spending and real disposable income
A) is direct.
B) is inverse.
C) plots a vertical line.
D) plots a horizontal line.
A
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Potential solutions to sell a high-quality used car include
a. offering a warranty b. selling through a reputable dealer c. documenting the complete repair history d. all of the above
Americans will benefit if China has enough purchasing power to enable its people to buy American products
a. True b. False Indicate whether the statement is true or false
In the Keynesian-cross model, if government purchases increase by 250, then the equilibrium level of income:
What will be an ideal response?
(Consider This) An unprofitable motel will stay open in the short run if:
A. price (average nightly room rate) exceeds average variable cost. B. marginal revenue exceeds marginal cost. C. price (average nightly room rate) exceeds average fixed cost. D. marginal revenue exceeds price.