The average propensity to consume is
A) real consumption expenditures divided by real saving.
B) real saving divided by real consumption expenditures.
C) real consumption expenditures divided by real disposable income.
D) real disposable income divided by real consumption expenditures.
C
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In absolute terms and relative to other countries, what happened to U.S. growth rates in productivity as measured by output per paid hour in the late 1960s and 1970s?
(a) They increased. (b) They stayed the same. (c) They fell. (d) They fell early on and then increased past their previous levels.
when the AD and SAS curves intersect at a level of real GDP which exceeds potential GDP, which of the following will occur?
What will be an ideal response?
Net exports equal imports minus exports
a. True b. False Indicate whether the statement is true or false
Comparative advantage means
A) the ability to produce more of a product with the same amount of resources than any other producer. B) the ability to produce a good or service at a lower opportunity cost than any other producer. C) the ability to produce a good or service at a higher opportunity cost than any other producer. D) compared to others you are better at producing a product.