What raises consumer expenditures?
What will be an ideal response?
an increase in expected future income
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Which of the following is not a financial intermediary?
a. a federally-chartered bank b. a state-chartered bank c. a savings and loan association d. a credit union e. the Federal Deposit Insurance Corporation
Over the past several decades, the difference between the labor-force participation rates of men and women in the U.S. has gradually decreased
a. True b. False Indicate whether the statement is true or false
Refer to Figure 10.3. If full-employment GDP is $600 billion and the economy is on AD1,
A. An inflationary gap exists, and AD must increase by more than $100 billion to eliminate it. B. A recessionary gap exists, and AD must increase by less than $100 billion to eliminate it. C. A recessionary gap exists, and AD must increase by more than $100 billion to eliminate it. D. An inflationary gap exists, and AD must increase by $100 billion to eliminate it.
Suppose 100 citizens each derive marginal benefit from submarines according to the function MB = 10 - Q. If subs cost $100 each to produce, what is the efficient quantity of submarines?
What will be an ideal response?