A given change in either someone's income or net taxes would have a greater effect on their consumption spending the greater their MPC
a. True
b. False
Indicate whether the statement is true or false
True
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Suppose the market-clearing interest rate on loans is 12%, but law-makers impose an 8% interest rate ceiling. The new law will tend to
A) increase the supply of loans. B) decrease the supply of loans. C) increase the demand for loans. D) decrease the demand for loans. E) do none of the above.
A majority of people in the United States do not have private health insurance
Indicate whether the statement is true or false
Refer to Table 14-8. If the firms act out of individual self-interest, which prices will they select?
A) Brawny Juice will select a high price, Power Fuel will select a low price. B) Brawny Juice will select a low price, Power Fuel will select a high price. C) Both firms will select a high price. D) Both firms will select a low price.
One type of financial intermediary now falling in relative importance is
A) money market mutual funds. B) pension funds. C) thrift institutions. D) mutual funds.