If Y = $200 billion, c = 0.75, autonomous consumption = $10 billion, and T = $20 billion, induced consumption expenditure is

Explain why some researchers conclude that Americans are becoming more obese because of the existence of fast-food restaurants. If fast-food restaurants have been around for over 50 years why is the trend toward obesity only a recent one? Explain

What will be an ideal response?

Annual changes in the level of investment in the U.S. during the last 40 years have been

a. highly volatile b. positive, moderate, and steady c. positive, dramatic, and steady d. close to zero, but the level has been high e. slightly negative, that is, falling steadily, but still high relative to the levels of the four decades before the 1960s.