What does not cause a direct increase in consumption spending
What will be an ideal response?
- increase in planned investment
- decrease in next export spending
- increase in government spending
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To compare the real price of gas in 1975 to the real price in 2013, we need to know
A) the two prices in both years and the inflation rate in 2013. B) just the two nominal prices in both years. C) the two prices in both years and the two interest rates in both years. D) the two prices in both years and the CPI in both years. E) the two prices in both years and the two inflation rates in both years.
Refer to Figure 11-13. The lines shown in the diagram are isocost lines. Which of the following shows an increase in the price of labor while the price of capital remains unchanged?
A) the movement from BF to CE B) the movement from BF to BD C) the movement from AF to BD D) the movement from AF to CE
Reserves of member banks appear on the Fed's balance sheet as liabilities
a. True b. False Indicate whether the statement is true or false
Which of the following is an example of nonlabor income?
A. wages B. inheritance C. a month-pay bonus D. proprietors' income