If disposable personal income is $400 billion and personal saving is $8 billion, the personal saving rate is
A. 1.5%.
B. 2%.
C. 5%.
D. 12%.
Answer: B
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The Sherman Act was patterned closely after the British Act against monopolies
Indicate whether the statement is true or false
If workers expect inflation, and negotiate wage increases that exactly match price increases, the result is a
a. horizontal aggregate supply curve at the level of potential GDP. b. vertical aggregate supply curve at the level of potential GDP. c. horizontal aggregate demand curve at the level of potential GDP. d. vertical aggregate demand curve at the level of potential GDP.
What effect does the following transaction have on the U.S. balance of payments?(Choose the proper debit and credit entries.) U.S. residents purchase Mexican products and pay for them with U.S. dollars
a. Debit the U.S. financial account; credit the U.S. current account. b. Credit the U.S. financial account; debit the U.S. current account. c. Debit the U.S. financial account; credit the U.S. financial account. d. Credit the U.S. financial account; debit the U.S. financial account. e. Credit the U.S. financial account; debit the U.S. net errors and omissions account.
Jill is unemployed and decides to spend the day at the spa. Jill's opportunity cost of spending a day at the spa is equal to:
a. the daily spa rate, any other monetary expenses, and the value of the best alternative activity in which Jill could be engaged b. her wages had she been working c. zero because she's unemployed d. the daily spa rate and all other monetary expenses associated with her day at the spa such as lunch, drinks, tips, and transportation