« previous next »

Author Question: Which of the following is evidence that consumption depends on total wealth, and not just on current ... (Read 106 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?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

It is widely believed that giving a daily oral dose of aspirin to heart attack patients improves their chances of survival because the aspirin blocks the formation of new blood clots.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Total fertility rates (TFRs) among major regions of the world. Total fertility rates (TFRs) among major regions of the world.
Hierarchy of evidence Hierarchy of evidence
Evidence of Numerical Estimation Evidence of Numerical Estimation
U.S. Energy Consumption U.S. Energy Consumption
Total Solid Waste, MSW per Capita Total Solid Waste, MSW per Capita
Experimental evidence that signals from dorsal lip cells initiate amphibian gastrulation. A dorsal l Experimental evidence that signals from dorsal lip cells initiate amphibian gastrulation. A dorsal l
Video: Hershey Chase Experiments

For a complete list of videos, visit our video library