The primary purpose of the Celler-Kefauver Act is to prevent unfair and deceptive business practices
a. True
b. False
Indicate whether the statement is true or false
False
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If the MPC = 0.75, MPS must be _______ and the income multiplier is _______
a. 0.25; 4 b. 0.25; 5 c. 0.75; 5 d. 1.50; 5 e. 4; 0.25
In 2012, approximately what income level was the cut-off point for defining a family as "rich"?
a. $72,000 b. $104,000 c. $143,000 d. $195,000
When individual supply curves shift, ceteris paribus, the market supply curve shifts.
Answer the following statement true (T) or false (F)
A person is preparing for a long automobile trip and cashes in a certificate of deposit for cash in case of emergencies along the way. This is an example of the
A. precautionary demand for money. B. wealth demand for money. C. asset demand for money. D. transactions demand for money.