In the above figure, a change in autonomous consumption to 100 would cause the consumption function to
A) become steeper.
B) become flatter.
C) shift down.
D) shift up.
D
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If the CPI is 120 in 2005 and 150 in 2006, what is the rate of inflation over this period?
A. 8% B. 20% C. 25% D. 30%
The federal budget deficit went over $100 billion for the first time in
A. 1977. B. 1979. C. 1982. D. 1984.
Which of the following is not a reason why the yield to maturity can differ from the current yield?
A. Because the yield to maturity considers the capital gain/loss. B. Because the current yield moves in the opposite direction from price. C. Because the current yield focuses only on the coupon payment and the purchase price. D. Because most bonds are not purchased for face value.
The economy's long-run aggregate supply curve:
A. slopes upward and to the right. B. is vertical. C. is horizontal. D. slopes downward and to the right.