When the C line is above the 45-degree line,
A. there is dissaving and consumption is greater than disposable income.
B. there is dissaving g and consumption is less than disposable income.
C. there is positive saving and consumption is greater than disposable income.
D. there is positive saving and consumption is less than disposable income.
A. there is dissaving and consumption is greater than disposable income.
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Assume the following. In location A yearly temperatures range from -30°F to 100°F and in location B yearly temperatures range from 55°F to 75°F. In both locations the average yearly temperature equals 65°F. We can conclude that
A) temperature in location A has a higher variance. B) temperature in location B has a higher standard deviation. C) temperature in location A has a lower standard deviation. D) temperatures in both locations have the same standard deviation but different variances.
Which function of money allows people to specialize in areas in which they have a comparative advantage?
A) medium of exchange B) unit of accounting C) store of value D) standard of deferred payment
The speculative demand for money is the stock of money that people hold to:
a. pay their predictable, everyday expenses. b. pay for any unexpected expenses that may occur. c. buy stocks, bonds, and other financial assets. d. buy the foreign currencies needed to purchase imports.
Which of the following changes in the price index produces the greatest rate of inflation: 80 to 100, 100 to 120, or 150 to 170?
a. 80 to 100 b. 100 to 120 c. 150 to 170 d. All of these changes produce the same rate of inflation.