Refer to the given data. If disposable income was $325, we would expect consumption to be:

The recession of 1973-1975 was unusual in that both inflation and unemployment increased at the same time. This suggests that the primary cause of the recession was an

a. inward shift of the aggregate demand curve. b. outward shift of the aggregate supply curve. c. inward shift of the aggregate supply curve. d. outward shift of the aggregate demand curve.

Checkable deposits are:

A. legal tender. B. near-money. C. a medium of exchange. D. token money.