Equilibrium income equals planned autonomous spending
A) times the marginal propensity to consume.
B) divided by the marginal propensity to consume.
C) times the marginal propensity to save.
D) divided by the marginal propensity to save.
D
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If the baseball team can sell 6000 box-seat tickets when they set the price at $10 and 7000 box-seat tickets when they lower the price to $8, the marginal revenue per ticket between 6000 and 7000 tickets is
A) $60,000. B) $56,000. C) $9. D) $2. E) minus $4.
If the Fed buys $100,000 in U.S. government securities from a commercial bank, the bank now has an additional $100,000 of
A) total assets. B) excess reserves. C) actual reserves. D) net worth.
Studies generally agree that there are 10-15 million people in the "underclass."
Indicate whether the statement is true or false
In the case of Alan Bakke, the courts ruled that preferential admissions (rigid quotas) were acceptable
Indicate whether the statement is true or false