The relationship between consumer spending and disposable personal income is
A) an inverse relationship.
B) a direct relationship.
C) a negative relationship.
D) independent.
Answer: B
You might also like to view...
Which statement is true?
A. Few Americans blamed Herbert Hoover for the Great Depression. B. The U.S. experienced a brief depression in the early 1920s. C. Most American homes were not wired for electricity until the late 1940s. D. None of the choices are true.
Who benefits from the process of financial intermediation?
A) borrowers only B) There is no benefit, because money does not create wealth. C) savers only D) both savers and borrowers
The government uses the buying power of wages rather than face value or nominal value in reporting changes in "real wages" in the economy
Indicate whether the statement is true or false
If the ABC company owns the exclusive rights to mine land in Afghanistan for Lapis Lazuli, a rare stone used in jewelry which is found only in Afghanistan, the company benefits from a barrier to entry
a. True b. False Indicate whether the statement is true or false