A rise in interest rates will increase your incentive to
A) save more, borrow less, and pay off credit card debt.
B) consume now, borrow more, and save later.
C) buy more things on credit and postpone savings.
D) borrow money to buy a new car.
A) save more, borrow less, and pay off credit card debt.
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When no economic growth occurs in an economy, the growth rate trend line is horizontal
Indicate whether the statement is true or false
Cameron visits a sporting goods store to buy a new set of golf clubs. He is willing to pay $750 for the clubs but buys them on sale for $575 . Cameron's consumer surplus from the purchase is
a. $175. b. $575. c. $750. d. $1,325.
If the marginal propensity is 0.75, then a $100 increase in investment will result in a maximum increase in equilibrium real gross domestic product of
A) $40.00 B) $100.00 C) $133.33 D) $400.00 E) $500.00
Purchases of domestic assets by foreign firms or households is called a:
A. trade deficit. B. trade surplus. C. capital outflow. D. capital inflow.