« previous next »

Author Question: Which of the following is evidence that consumption depends on total wealth, and not just on current ... (Read 112 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?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

There are approximately 3 million unintended pregnancies in the United States each year.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

Model for evidence-based clinical decision making. Model for evidence-based clinical decision making.
Common skin signs are often evidence of an illness or disorder. A papule is a solid, circumscribed, ... Common skin signs are often evidence of an illness or disorder. A papule is a solid, circumscribed, ...
A mobile weather station that can be used to gather current weather data at the scene of hazardous ... A mobile weather station that can be used to gather current weather data at the scene of hazardous ...
Total radiative forcing ~1.63 Wm-2 Total radiative forcing ~1.63 Wm-2
Desired Fertility versus Total Fertility Rate in Developing Countries Desired Fertility versus Total Fertility Rate in Developing Countries
Magnetic Force on a Current Carrying Conductor Magnetic Force on a Current Carrying Conductor
Video: Ciliate conjugation Animation

For a complete list of videos, visit our video library