The marginal propensity to save is always larger than the marginal propensity to consume
Indicate whether the statement is true or false
F
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Which of the following must be true about functions in the duality picture:
A. The utility function is homogeneous of degree 1. B. The indirect utility function is homogeneous of degree 1 in income. C. The uncompensated demand functions are homogeneous of degree 1. D. Both (a) and (b). E. Both (b) and (c). F. Both (a) and (c) G. All of the above. H. None of the above.
Most of the growth in plastic card use has been in
A) credit cards. B) debit cards. C) online purchases. D) electronic transfer.
The period during which real output falls during a business cycle is called:
a. peak. b. recession. c. recovery. d. trough.
By law what goals are the Federal Reserve to pursue? What, if any, specific weights are given for these goals?