Planned expenditures equal real disposable income
A) at every point on the saving function. B) at every point on the consumption function.
C) at every point on the 45-degree line. D) when saving equals zero.
C
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Since the 1980s,
a. monetarism reached its peak. b. the influence of the monetarists and Keynesians both eroded. c. monetarism re-established itself with a stable money/income relationship. d. monetarism declined in influence as Keyesian thought overtook it in influence.
Which of the following is a normative economic statement?
a. The unemployment rate for the United States is currently 5.4 percent. b. The inflation rate in the United States is too high. c. An increase in the price of a good will reduce the amount purchased. d. Higher profits in an industry will attract more entrepreneurs into the industry.
Over the last several years, the earnings gap between workers with college degrees and workers with high school degrees has
a. remained roughly constant for both men and women. b. widened for both men and women. c. widened for men and narrowed for women. d. narrowed for men and widened for women.
Cap-and-trade programs limit pollution by selling firms a fixed amount of permits to pollute.
Answer the following statement true (T) or false (F)