Consumption, saving, and wealth all represent stock concepts because they are measured over a period of time
a. True
b. False
Indicate whether the statement is true or false
False
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A positive relationship exists between monetary growth and interest rates when the
A) aggregate supply curve is horizontal. B) aggregate demand curve is horizontal. C) price level is fixed. D) income effect offsets the liquidity effect.
Gordon believes that the expansion which began in 1982 did so because of the
A) expansionary monetary policy which was pursued. B) Reagan tax cuts, the passage of the Economic Recovery Act in 1981. C) increases in consumer and business firm optimism concerning future business conditions. D) A and B are both correct.
The following is an example of adverse selection
a. A majority of those applying for well paid jobs are under qualified b. More reckless drivers opt for cars with fewer safety devices c. Individuals living in less secure neighborhoods want to buy less insurance d. Individuals with a strong family history of heart diseases opt to buy less insurance
Which of the following is true?
a. In 1916, the per person real government expenditures were approximately 60 times greater than in 1800. b. Prior to 1929, government expenditures at the state and local levels were substantially smaller than federal expenditures. c. Real federal spending per person was approximately 80 times greater in 2012 than in 1916. d. All of the above are true.