If your planned consumption expenditure is $600 per month and your disposable income is $500 per month, your
A) induced consumption is $600.
B) saving is $100 per month.
C) dissaving is $100 per month.
D) autonomous consumption is -$100 per month.
E) autonomous consumption must be zero per month.
C
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If the nominal money supply rises by 6 percent, the price level rises by 4 percent, and output rises by 3 percent, then according to the quantity theory equation, income velocity must rise by:
a. 7 percent b. 13 percent c. 1 percent. d. 3 percent.
A monopoly's output decision depends only on the shape of its marginal cost curve
Indicate whether the statement is true or false
A nation's foreign exchange reserves consist mainly of
A) excess reserves held by its banks. B) government securities of that nation. C) the legal currency of that nation. D) currencies of other nations.
Microeconomics
A. is generally too complex and abstract to be of much use in making real-world business decisions. B. studies the behavior of individual economic units or segments of the economy. C. contributes to the understanding of ordinary business practices or tactics. D. all of the above. E. both b and c.