The relationship between planned real consumption expenditures of households and their current level of real disposable income is
A. saving.
B. investment.
C. dissaving.
D. the consumption function.
Answer: D
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The level of GDP at which planned expenditure equals the amount of output produced is the
A) equilibrium output. B) potential output. C) long-run output. D) autonomous output.
Workers compete against workers who have:
A. the exact same type of human capital. B. similar human capital. C. totally different human capital. D. all levels of human capital.
Assuming the economy is represented by the graph shown, if the government were to enact a partially successful expansionary fiscal policy, it would be most likely to:
A. move from equilibrium B to A. B. move from equilibrium A to B. C. cause deflation. D. cause unemployment to temporarily increase.
How does the growth in the daily volume of foreign currency transactions compare with the growth rate of the global economy?
What will be an ideal response?