« previous next »

Author Question: Which of the following is evidence that consumption depends on total wealth, and not just on current ... (Read 97 times)

LaDunn

  • Hero Member
  • *****
  • Posts: 526
on: Jun 30, 2018
Which of the following is evidence that consumption depends on total wealth, and not just on current income?
 
  A) People save very little for their retirement.
  B) The pre-announced phased-in tax cuts of 1981-83 caused little change in consumption in 1981.
  C) A drop in consumer confidence, with unchanged current income, often causes total consumption spending to fall.
  D) all of the above
  E) none of the above

Question 2

Which of the following best defines the LM curve?
 
  A) the combinations of i and Y that maintain equilibrium in the goods market
  B) illustrates the effects of changes in i on investment
  C) illustrates the effects of changes in i on desired money holdings by individuals
  D) the combinations of i and Y that maintain equilibrium in financial markets


lkoler

  • Sr. Member
  • ****
  • Posts: 358
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Pre–steady state kinetic evidence for an acyl-enzyme intermediate Pre–steady state kinetic evidence for an acyl-enzyme intermediate
Current Positions of Known Dwarf Planets and SSSBs in the Outer Solar System Current Positions of Known Dwarf Planets and SSSBs in the Outer Solar System
The overlapping relationship among research, evidence-based practice The overlapping relationship among research, evidence-based practice
Common skin signs are often evidence of an illness or disorder. An erosion or ulcer is an eating or ... Common skin signs are often evidence of an illness or disorder. An erosion or ulcer is an eating or ...
The Distribution of the Earth's Wealth The Distribution of the Earth's Wealth
Consumption of animal products "استهلاك المنتجات الحيوانية" Consumption of animal products "استهلاك المنتجات الحيوانية"
Video: Glomerular filtrate rate: pressures that affect GFR, NFP & GFR and blood composition

For a complete list of videos, visit our video library