Which of the following is the correct expression for the approximate expected real interest rate?
A) r = i +
B) r = i -
C) r = i/
D) r = i
B
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On a graph of the consumption function, where the consumption function is below the 45 degree line, there is
A) zero disposable income. B) saving. C) maximum disposable income. D) no induced consumption. E) dissaving.
Using economic efficiency as the standard, most economic models imply that ________ when trying to reduce the debt
A) increasing taxes is preferable to reducing government expenditure B) reducing government expenditure is preferable to increasing taxes C) increasing taxes is equally efficient as reducing government expenditure D) reducing government expenditure is no more effective than increasing taxes
If you buy a commemorative Princess Diana stamp issued by the British government, the purchase is considered part of
a. C b. I c. G d. X e. M
President Reagan was attracted to the theories expounded by the
a. classical school b. Keynesian school c. neo-Keynesian school d. rational expectations school e. supply-side school