The largest component of consumption expenditures is:
a. durables
b. nondurables.
c. services.
d. residential structures.
c
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Let C = 550 + 0.8y and I = 75. Assume no government or foreign sectors. If investment increases by 100, the equilibrium output increases by a total of
A) 60. B) 175. C) 500. D) 800.
Define and explain how we calculate the marginal propensity to consume and the marginal propensity to save
What will be an ideal response?
If the union and management cannot come to terms on a labor contract, one legal weapon the union can employ to put pressure on management is to
a. engage in industrial sabotage b. strike c. reveal the firm's trade secrets d. spread false rumors about the financial health of the firm e. engage in collective bargaining
Which of the following statements is true?
A) Nominal interest rate = real interest rate - expected inflation rate. B) Nominal interest rate = real interest rate + expected inflation rate. C) Real interest rate = nominal interest rate + expected inflation rate. D) Expected inflation rate = nominal interest rate + real interest rate. E) Expected inflation rate = real interest rate - nominal interest rate.