Refer to the information provided in Table 23.3 below to answer the question(s) that follow. Table 23.3
Refer to Table 23.3. Society's MPS is
A. 0.2.
B. 0.25.
C. 0.7.
D. 0.8.
Answer: B
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What would happen to the slope of the budget constraint? What would happen to the positioning of the budget constraint?
The Ricardian equivalence theorem implies that
A) government debt policy must be handled correctly for the economy to prosper. B) the amounts of government spending are neutral. C) an increase in government spending has no effect on the economy, as long as there is an equal change in taxes. D) the timing of taxes collected by the government is neutral.
A bond is:
A. a financial asset that represents partial ownership of a company. B. a payment made periodically to all shareholders of a company. C. an agreement in which a lender gives money to a borrower in exchange for a promise to repay the amount loaned plus an agreed-upon amount of interest. D. a promise by the bond issuer to pay a lump sum at a specified maturity date, and, in some cases, to pay periodic interest at a specific percentage rate.
An example of a good that can be used for money that has intrinsic value is:
A. fish. B. cigarettes. C. gold. D. All of these have intrinsic value.