The consumption function shows how ________
A) the marginal propensity to consume varies with disposable income
B) income varies as a result of changes in consumption
C) consumption depends on the decision to save
D) all of the above
E) none of the above
E
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According to the textbook application, radon
a. is a naturally occurring hazard b. is an involuntary risk c. poses no adverse health threat outdoors d. all of the above e. (a) and (b) only
A country's balance of payments accounts records
A) only the goods and services purchases among countries over a period of time. B) the international trading, borrowing, and lending positions of a country over a period of time. C) the flow of human and non-human capital among countries over a period of time. D) only official transactions between governments over a period of time.
Refer to Exhibit 6-2. How many persons are unemployed in year 2?
a. 200 million b. 50 million c. 75 million d. 175 million e. 100 million
If the reserve ratio is raised, the money multiplier
A) stays the same. B) is doubled. C) is lowered. D) is increased.