____ experience lower rates of unemployment than do ____
a. High school graduates; college graduates
b. College graduates; high school graduates
c. Adult females; adult males
d. Black males; white males
b
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Little Percy lives in two periods. His earnings in the present are 150; in the future he will earn 10% more than today. The interest rate is 5 percent. If his consumption today is 160, what is the most he can consume in the future?
What will be an ideal response?
If a new cash deposit creates excess reserves of $5,000 and the required reserve ratio is 10 percent, the banking system can increase the money supply by a maximum of
a. $50,000. b. $500. c. $5,000. d. $4,500.
The value that consumers get (from consuming a product) over and above what they actually paid for the product is called
A. consumption expenditures. B. consumer surplus. C. consumer demand. D. consumer utility.
If the marginal propensity to consume = 0.75, then:
A. the marginal propensity to save = 0.75. B. the marginal propensity to save = 1.33. C. the marginal propensity to save = 0.20. D. the marginal propensity to save = 0.25.