In an economy, the portion of household spending that occurs independent of household income is known as
A) autonomous consumption.
B) dissavings.
C) the marginal propensity to consume.
D) the consumption function.
A
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_________ policy focused on educational spending and building the skills of the workforce generally contributes to a higher rate of economic growth.
a. Fiscal b. Monetary c. Investment d. Taxation
Suppose that lenders believe that the government will provide assistance if too many of the lenders' borrowers do not pay back their loans. If lenders expect government assistance they will:
A. make more loans to borrowers who are less likely to repay them. B. make fewer loans to borrowers who are less likely to repay them. C. increase the interest rates that they charge borrowers who are less likely to repay loans. D. not change their lending policies because this expectation is not reasonable.
The manner in which a nation's economy reacts when the measured factors are changed affects almost every individual.
Answer the following statement true (T) or false (F)
When the dollar appreciates, the prices of imported inputs
A. fall and aggregate supply shifts outward. B. fall and aggregate supply shifts inward. C. rise and aggregate supply shifts outward. D. rise and aggregate supply shifts inward.