At the point where the disposable income line intersects the consumption function, saving:
a. equals consumption.
b. equals disposable income.
c. is less than zero.
d. is equal to zero.
d
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Flexible exchange rates, proving to be much ________ volatile than economists predicted, have led to ________ calls for a return to fixed exchange rates
A) less, few B) less, many C) more, few D) more, many
An increase in the rate of inflation in the U.S. will increase the supply of dollars and decrease other countries' demand for dollars
Indicate whether the statement is true or false
To determine the marginal physical product of labor, you must
a. hold total output constant and calculate how much revenue an additional worker generates b. hold capital constant and calculate how much revenue an additional worker generates hold capital constant c. hold all other factors of production constant and calculate how much output an additional worker produces d. hold labor constant and calculate how much output an additional worker produces e. hold labor constant and calculate how much revenue an additional worker generates
Core CPI is a. the CPI including only food, clothing, and energy. b. the CPI including only food and energy
c. the CPI excluding food, clothing, and energy. d. the CPI excluding food and energy.