The saving schedule shows the relationship of saving of households to the level of:
A. Consumption
B. Investment
C. Disposable income
D. The average propensity to save
C. Disposable income
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An upward shift of the consumption function might be caused by:
a. an increase in disposable income. b. a decrease in disposable income. c. a decrease in the price level. d. a decrease in household wealth. e. an increase in the interest rate.
The logic of the exchange-rate effect begins with a change in the price level changing the interest rate
a. True b. False Indicate whether the statement is true or false
If a perfectly competitive firm sells 50 units of output at a market price of $10 per unit, its marginal revenue is:
A. more than $10. B. less than $10. C. $10. D. $500.
The ultimatum game reveals that the threat of rejection:
A. weakens the functioning of the invisible hand. B. reduces cooperation. C. increases selfish behavior. D. helps align private interests with social interests.