State an equation for the two main uses of disposable income
What will be an ideal response?
Disposable income (DI) can either be used for consumption (C) or saving (S), thus DI = C + S.
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The table above shows the marginal costs and marginal benefits of college education. The efficient amount of enrollment is
A) 12 million. B) 20 million. C) 16 million. D) 24 million.
Everything else held constant, a monetary contraction is characterized by ________ output and ________ interest rates
A) rising; rising B) rising; falling C) falling; rising D) falling; falling
Endogenous growth theory is about
A) welfare of indigenous people. B) explaining growth. C) studying education. D) studying fertility choices.
If exports are less than imports (while other planned injections equal other planned leakages), the economy
a. expands. b. contracts. c. has rising prices. d. remains stable.