Refer to the given diagram, which shows consumption schedules for economies A and B. We can say that the:
A. MPC is greater in B than in A.
B. APC at any given income level is greater in B than in A.
C. MPS is smaller in B than in A.
D. MPC is greater in A than in B.
D. MPC is greater in A than in B.
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Which of the following statements is true?
(a) larger countries (in terms of size) tend to be more open (in terms of larger share of exports in GDP) than smaller countries and developing countries tend to be less open than developed economies. (b) larger countries (in terms of size) tend to be less open (in terms of lower share of exports in GDP) than smaller countries and developing countries tend to be less open than developed economies. (c) larger countries (in terms of size) tend to be more open (in terms of larger share of exports in GDP) than smaller countries and developing countries tend to be more open than developed economies. (d) larger countries (in terms of size) tend to be less open (in terms of lower share of exports in GDP) than smaller countries and developing countries tend to be more open than developed economies.
Refer to Table 2.3. Assume that 2010 is the base year. Real GDP in 2007 is
A) $490.00. B) $568.00. C) $580.00. D) $671.00.
Which of the following factors has negatively impacted the viability of the pay-as-you-go Social Security system?
a. Each generation is living longer and thus collecting more benefits. b. The "baby boom" after WWII greatly increases the number of retirees in the first few decades of this century. c. Individuals are having fewer children today. d. all of the above e. a and b
The process of buying financial assets to stimulate the economy when the central bank target interest rate is near or at zero and the interest rate cannot be lowered further is called:
a. bond-trading. b. quantitative bidding. c. open market purchase. d. quantitative easing. e. open market sale.