The average propensity to consume (APC) is
A) the rate at which real consumption spending changes over time.
B) the percentage of real disposable income saved.
C) the percentage of additional real disposable income that will go toward additional consumption spending.
D) the percentage of real disposable income consumed.
D
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Many whites regard ghetto poverty as a symptom of aberrant cultural values and inherent racial deficiencies
Indicate whether the statement is true or false
A notable and unique feature of the colonial monetary system was
a. the use of minted silver coins. b. the circulation of commodities as money. c. the use of a widely accepted paper currency. d. the development of checking accounts issued by private commercial banks.
A fixed exchange rate
a. is a declared rate that is maintained by central bank intervention in the foreign exchange market b. is a rate that is fixed by the forces of supply and demand c. is a rate that is determined by trilateral arbitrage d. "fixes" the value of a nation's price level e. is a mechanism for eliminating a trade deficit
If widgets and gidgets are complements and both are normal goods, then an increase in the demand for widgets will result from:
A. a decrease in the price of gidgets. B. an increase in the price of widgets. C. a decrease in income. D. an increase in the price of widgets and a decrease in income.