If personal saving is -$10 billion and disposable personal income is $370 billion, then personal consumption spending
A. is $360 billion.
B. is $380 billion.
C. is $390 billion.
D. cannot be determined from this information.
Answer: B
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When Grayce deposits $4,000 cash in her checkable deposit at the Beach Bank and the Beach Bank's excess reserves increase by $3,600, the desired reserve ratio is
A) 5 percent. B) 90 percent. C) 10 percent. D) 15 percent. E) $400.
It is appropriate to use the supply-and demand-model if, in a market
A) everyone is a price taker with full information about the price and quality of the good. B) firms sell identical products. C) costs of trading are low. D) All of the above.
According to Milton Friedman, the short-run trade-off between unemployment and inflation comes from unanticipated inflation
a. True b. False Indicate whether the statement is true or false
Which of the following would cause an increase in demand for Toyota automobiles?
a. an increase in the price of Toyota automobiles b. a decrease in the price of Toyota automobiles c. a decrease in the price of Honda automobiles d. an increase in the price of Honda automobiles