a. $8.
b. $6.
c. $5.
d. $3..
b. $6.
c. $5.
d. $3..
Given the consumption function C = $100 billion + 0.75 ($300 billion), autonomous consumption is equal to:
a. $100 billion.
b. $225 billion.
c. $300 billion.
d. $325 billion.
e. $400 billion.
a
Economics
You might also like to view...
In the above figure, if the economy is at point A, which of the following is TRUE?
A) There is a recessionary gap. B) There is an inflationary gap. C) Point A is the long-run equilibrium point. D) None of the above answers are correct.
Economics
Which of the following allows monopolistically competitive firms to differentiate their products from competitors in a market?
a. Licensing b. Forming cartels c. Advertising d. Patenting
Economics
Refer to Figure 6-25. The equilibrium price in the market before the tax is imposed is.
Economics
Refer to the information provided in Figure 3.18 below to answer the question(s) that follow.
Figure 3.18Refer to Figure 3.18. The market is initially in equilibrium at Point A. If demand shifts from D1 to D2 and there is an excess demand of 150 million pounds of burritos, the price of burritos would be
A. $1.50. B. $3.00. C. $4.00. D. $6.00.
Economics