Refer to the information provided in Figure 23.5 below to answer the question(s) that follow.
Figure 23.5Refer to Figure 23.5. The MPS for this saving function is
A. 5.
B. 4.
C. 0.5.
D. 0.25.
Answer: D
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State one implication of the principle of division of labor
During the past quarter of a century, which of the following has contributed to the economic growth of China?
a. agricultural reforms adopted in the late 1970s b. low taxes and deregulation in the special economic zones that were established during the 1980s c. the relaxation of restraints on foreign trade and joint ventures d. all of the above
The term "open market operations" refers to the:
A. loan-making activities of commercial banks. B. effect of expansionary monetary policy on interest rates. C. operation of competitive markets in the banking industry as the result of deregulation. D. buying and selling of government securities by the Federal Reserve.
The short-run aggregate supply curve shows a(n) _____
Fill in the blank(s) with the appropriate word(s).