A lower marginal propensity to consume is most likely to result in a(n):
a. flatter aggregate expenditure line
b. steeper aggregate expenditure line.
c. upward shift of the aggregate expenditure line.
d. downward shift of the aggregate expenditure line.
a
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Which of the following is an example of an effort to decrease physical capital differences between an advanced and a developing economy?
A) American troops build roads in Afghanistan. B) Through World Vision, women and children in Africa receive education. C) Peace Corps volunteers teach English around the world. D) Creating Hope International trains women in Afghanistan to become tailors. E) Habitat for Humanity builds houses for low income families in the United States.
Refer to Table 23-2. Using the table above, compute aggregate expenditure and identify the macroeconomic equilibrium
What will be an ideal response?
In Homer's Odyssey, Odysseus instructs his crew members to tie him to the mast of the ship so that he is not later tempted by the Siren's song. Which of the following irrational behaviors was he trying to avoid? a. People are overconfident
b. People behave in a time inconsistent manner. c. People give too much weight to a small number of vivid observations. d. People are reluctant to change their minds.
Tax cuts aimed at businesses can stimulate:
A. social spending. B. private consumption. C. investment spending. D. net exports.