If the level of consumption is $100 billion and disposable income is $125 billion, then the
A) APC = 0.6 and saving is positive.
B) APC = 0.8 and saving is negative.
C) APC = 0.8 and saving is positive.
D) APC = 0.6 and saving is negative.
Answer: C) APC = 0.8 and saving is positive.
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What will be an ideal response?
The only disease-specific group eligible for Medicare are those suffering from AIDS
a. end-stage renal disease. b. advanced coronary artery disease. c. metastasized cancer. d. diabetes
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What will be an ideal response?
Economist Kenneth Arrow has shown mathematically that no system of voting will consistently represent the underlying preferences of voters. This finding is called
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