The line described by the consumption function C = a + bYD will change its slope when
A. Autonomous consumption changes.
B. The APS changes.
C. Disposable income changes.
D. The MPC changes.
Answer: D
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To say that "supply increases" for any reason, means there is a
A) movement rightward along a supply curve. B) movement leftward along a supply curve. C) shift rightward in the supply curve. D) shift leftward in the supply curve.
How can tax simplification be beneficial to the economy?
What will be an ideal response?
Which of the following is true?
a. A bondholder owes money to a corporation. b. A corporation owes money to a bondholder. c. A bondholder owns part of a corporation. d. A bondholder votes on company management.
If it could increase its growth rates slightly, a country with low income would catch up with rich countries in about ten years
a. True b. False Indicate whether the statement is true or false