If the slope of the consumption schedule is 0.75, then the slope of the saving schedule is
A. 0.75.
B. 1.25.
C. 0.25.
D. not possible to determine from the data.
Answer: C
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Total reserves minus bank deposits with the Fed equals
A) vault cash. B) excess reserves. C) required reserves. D) currency in circulation.
A profit-maximizing firm in a ________ market structure behaves much like a monopolistic firm in the short run.
A. Cournot duopoly B. perfectly competitive C. monopolistically competitive D. All of the above are correct.
Describe the difference between discretionary and automatic fiscal policy
What will be an ideal response?
The table below describes the value added in the production of a gallon of gasoline by each stage of production
(The values are hypothetical.) a) What is the value added by each stage of production? b) What is the total value added? For simplicity, you can ignore the cost of the inputs for oil drilling.