« previous next »

Author Question: Which of the following is evidence that consumption depends on total wealth, and not just on current ... (Read 58 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?

Prostaglandins were first isolated from human semen in Sweden in the 1930s. They were so named because the researcher thought that they came from the prostate gland. In fact, prostaglandins exist and are synthesized in almost every cell of the body.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Pre–steady state kinetic evidence for an acyl-enzyme intermediate Pre–steady state kinetic evidence for an acyl-enzyme intermediate
Effects of Living in Total Darkness on Monoaminergic Systems Effects of Living in Total Darkness on Monoaminergic Systems
Common skin signs are often evidence of an illness or disorder. A vesicle is a small fluid filled ... Common skin signs are often evidence of an illness or disorder. A vesicle is a small fluid filled ...
Immunofixation electrophoresis. (a) IgG kappa myeloma, (b) Controls showing total serum protein ... Immunofixation electrophoresis. (a) IgG kappa myeloma, (b) Controls showing total serum protein ...
Total Solid Waste, MSW per Capita Total Solid Waste, MSW per Capita
Gulf Stream/North Atlantic Current Gulf Stream/North Atlantic Current
Video: Inflammatory response Animation

For a complete list of videos, visit our video library