Consider the Keynesian consumption function. If disposable income is greater than the break-even level of disposable income, then households will be:
a. investing.
b. borrowing.
c. dissaving.
d. saving.
d
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Suppose that the consumer price index at year-end 2004 was 140 and by year-end 2005 had risen to 150. What was the inflation rate during 2005?
What will be an ideal response?
Bureaucratic control emphasizes which organizational element?
a. hierarchy and authority b. budget and market influences c. benchmarking statistics d. product quality assurance
To calculate GDP:
A. add the quantity of all goods and services sold in an economy in a year. B. add the quantity of all final goods and services produced in an economy in a year. C. weight the output of each good and service produced in an economy in a year by its price in that year and then total the result. D. weight the output of each final good and service produced in an economy in a year by its price in that year and then total the result.
Under a system of marketable pollution permits, the government:
A. chooses a level of pollution. B. distributes permits to polluting firms. C. allows firms to trade permits. D. All of these