Author Question: The relationship between income and consumption illustrated in the figure above is A) positive ... (Read 89 times)

lak · **on:** Jun 29, 2018

The relationship between income and consumption illustrated in the figure above is

A) positive and linear.
B) positive and nonlinear.
C) negative and linear.
D) negative and nonlinear.

Question 2

Financial panics characterized by depositor runs and consequent bank failures have not occurred in the United States since the 1930s primarily because

A) commercial banks now hold larger reserves.
B) the Federal Deposit Insurance Corporation has reduced the fears of depositors.
C) we have abandoned the gold standard.
D) we have had no major recessions since the 1930s.