Economists criticize Robinson-Patman acts because
a. Economists are profit maximizers
b. Economists promote unemployment
c. Economists are against discounting of goods
d. Economists feel the act protects competitors rather than the process of competition
d
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A higher real interest rate ________ saving and ________ consumption spending.
A. increases; decreases B. increases; increases C. does not change; does not change D. decreases; increases
A lender of the last resort refers to
A) a role of the central bank to prevent bank runs for temporary problems of liquidity. B) a role for the government to ensure that the central bank has adequate reserves. C) a reason for regulating banks. D) the need for market based regulations in the banking industry.
Actual investment equals intended investment only when the economy is in macroequilibrium
Indicate whether the statement is true or false
In 2010, high-income families (the top 20 percent) in the United States earned approximately ____ percent of the total before-tax income
a. 34 b. 48 c. 62 d. 79