Consumption expenditures are a function of ________
A) the real interest rate
B) disposable income
C) autonomous consumption
D) all of the above
E) none of the above
D
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From the Civil War up to 1914, the United States adhered to a
A) gold standard. B) silver standard. C) bimetallic standard. D) bronze standard. E) copper standard.
Which statement is true?
A. Banking began in biblical times. B. Most banks do NOT have national charters. C. Bankers would like to hold a reserve ratio of about 10 percent. D. About half the banks in the United States are members of the FDIC.
The minimum-cost output is the quantity corresponding to the minimum point of the:
a. marginal cost curve. b. marginal product curve. c. average variable cost curve. d. average total cost curve.
The long-run supply curve for a perfectly competitive, constant-cost industry
A) is upward-sloping. B) is horizontal. C) is downward-sloping. D) is found by adding up the marginal cost curves for all firms in the industry.