A graph of total profits is always likely to be positively sloped throughout its length.
Answer the following statement true (T) or false (F)
False
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In the United States and other high-income countries, capital's share and labor's share of total income have been about ________, respectively
A) 1/2 and 1/2 B) 4/5 and 1/5 C) 1/3 and 2/3 D) 3/4 and 1/4
Currently, total private sector expenditures in the United States:
a. remained close to one third of GDP. b. fell by half to 50 percent of GDP. c. fell by half to 65 percent of GDP. d. remained close to 60 percent of GDP.
Which of the following is an example of the precautionary motive for saving?
A. Jordan sets aside $200 per month in case she has to pay for a new roof for her house. B. Every month, Chris puts $400 into his saving account so that he can buy a new car in a few years. C. Pat puts $400 per month in his 401(k) retirement account. D. Gerry and Terry put $2,000,000 in a trust fund that will go to their children when the parents die.
A deficit will burden future generations
A. because the obligation to pay it off must be faced sooner or later. B. if it produces higher interest rates when the economy is near full employment. C. because future generations will have to pay taxes to fund the interest payments to Americans who hold the debt. D. All of the above are correct.