In the Keynesian model, the demand for money is inversely related to
A) investment.
B) the money supply.
C) the interest rate.
D) the saving rate.
C
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Suppose that in each of four successive years producers sell more of their product and at lower prices. This could be explained
A. by small annual increases in demand. B. as an exception to the law of supply. C. in terms of a stable supply curve and increasing demand. D. in terms of a stable demand curve and increasing supply.
An increase in consumption at any given level of income is likely to lead to:
a) Higher aggregate demand b) An increase in exports c) A fall in taxation revenue d) A decrease in import spending
What statement best describes the relationship between average monthly water bills and precipitation levels in the United States?
a. Water bills are clearly higher where precipitation is lowest b. Water bills are clearly higher where precipitation is highest c. Water bills are mostly unrelated to precipitation levels d. Water bills are linked to precipitation only in Eastern cities e. Water bills are linked to precipitation only in Western cities
________: as disposable income of a consumer increases, the percentage of income spent for food decreases if all other things remain constant
Fill in the blank(s) with correct word