Movements along the consumption function are called
a. autonomous consumption.
b. leakage consumption.
c. induced consumption.
d. injected consumption.
c
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A dominant strategy exists if:
A. both players make the same choice. B. one strategy yields the highest possible payoff. C. both players have the highest payoff when they make the same choice. D. a player has a strategy that yields the highest payoff regardless of the other player's choice.
The money income of households consists of all the following, except:
A. Wages B. Profits C. Interest D. Revenues
A White House proposal to increase infrastructure spending on roads, rail lines and runways is an example of:
A. expansionary fiscal policy. B. contractionary fiscal policy. C. automatic stabilization. D. insourcing policies.
Interest rates perform the function of
A) signaling information about the inflation rate. B) allocating funds, but only in the consumer sector. C) allocating funds, which determines the allocation of physical capital. D) rewarding those who save but has no direct allocative role.