Using this consumption function, autonomous consumption is
A) $0.
B) between $1 and $2 trillion.
C) more than $2 trillion and less that $5 trillion.
D) more than $5 trillion and less than $8 trillion.
E) more than $8 trillion.
B
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Other things constant, a rise in which of the following would tend to increase the nominal interest rate?
A) The rate of time preference B) The risk premium C) The expected rate of inflation D) Any of the above.
Which of the following sequences best describes the five necessary steps to develop an economic model in the correct order?
A) (1): Identify the endogenous variables; (2): identify the exogenous variables; (3): develop a model; (4): compare the model with the data; (5): conduct prediction and policy analysis. B) (1): Develop a model; (2): identify the exogenous variables; (3): identify the endogenous variables; (4): compare the model with the data; (5): conduct prediction and policy analysis. C) (1): Conduct prediction and policy analysis; (2): develop a model; (3): identify the endogenous variables; (4): identify the exogenous variables; (5): compare the model with the data. D) (1): Conduct prediction and policy analysis; (2): compare the model with the data; (3):identify the endogenous variables; (4): identify the exogenous variables; (5): develop a model. E) none of the above
Which of the following is NOT a protected title vii class?
a. race b. age c. sexual preference d. religion
A financial institution that accepts deposits, makes loans, and offers checking accounts is
A) an insurance company. B) the Federal Deposit Insurance Corporation. C) the Federal Reserve System. D) a commercial bank.