When consumers spend and buy things regardless of their level of income, this is known as
A) bad financial management. B) using credit to its maximum.
C) living the good life. D) autonomous consumption spending.
D
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Suppose k = 0.2. With a $200 billion increase in the money supply, the LM curve shifts
A) to the right by $40 billion. B) to the left by $160 billion. C) to the left by $200 billion. D) to the right by $1000 billion.
According to rational expectations, expectations will only change in the event that ________
A) wealth changes B) current income changes C) permanent income changes D) unanticipated new information arises
Why does the economy's aggregate demand curve have a negative slope?
Why are government transfer payments not included in the GDP?
a. It is spending that is too small to count in the GDP. b. It is spending that disperses income among the citizens. c. It is spending used to buy goods and services. d. It is spending used to broker international agreements.