If disposable income is $400 billion, consumption spending is $380 billion, and MPC is 0.5, what is the level of saving?
a. $20 billion.
b. $210 billion.
c. $380 billion.
d. $590 billion.
e. $780 billion.
a
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What is the good or service is given the most weight in the CPI?
A) housing B) apparel C) recreation D) food and beverages E) transportation
List five ways that the creators of the U.S. Federal Reserve System set up the system to be independent from the federal government
What will be an ideal response?
The substitution of one good for another by consumers:
A. due to price changes is captured by the CPI. B. due to changes in tastes/preferences is captured by the CPI. C. is captured by the CPI. D. is not captured by the CPI.
Social Security transfers wealth from younger generations to older generations
a. True b. False Indicate whether the statement is true or false