A household that expects a decrease in disposable income in the future will _____
a. increase its current consumption spending
b. decrease its current consumption spending
c. maintain its current consumption spending
d. first increase its current consumption spending and then decrease spending when income falls
e. first decrease its current consumption spending and then increase spending when income falls
b
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The self-correcting tendency of the economy means that rising inflation eventually eliminates:
A. unemployment. B. exogenous spending. C. recessionary gaps. D. expansionary gaps.
Assume that you have data on a firm's average fixed cost and average variable cost for various levels of output and you are asked to calculate the total variable cost and total cost of the firm
Would this be enough information to perform this calculation? Explain
An unexpected rise in the LEI should send bond prices __________ and stock prices __________
A) up; up B) up; down C) down; up D) down; down
Disagreement between the partners during operation can result in:
a. Dissolution or reorganization of the business. b. sale of the business to a third party. c. one partner buying the other's assets. d. the admission of a new partner.