Suppose consumer confidence declines and as a result, consumer spending decreases by 4 billion dollars.
Other things equal, if households spend 0.75 of each extra dollar of income and save the remaining 0.25, by how much will spending decrease during the third round through the circular flow?
A) 1 billion
B) 2.25 billion
C) 3 billion
D) 4 billion
Question 2
The Laffer curve is a curve showing
A) output as a function of the tax rate.
B) tax revenue as a function of the tax rate.
C) government expenses as a function of how liberal the government is.
D) the tax rate as a function of government expenses.
Species richness decreases with distance from the source pool.
Figure 7.1 shows the rapid decline in the trust of Americans in government since the 1960s. This de
Adults in the Berlin Study of Aging show earlier declines on tests of nonverbal, fluid tasks (upper ...
Atmospheric pressure decreases with increase in altitude.
As a result of the pressure gradient in the following picture, what happens to transpiration?
Misfolding or refolding of some proteins can result in disease