Refer to the figure. The consumption schedule indicates that:
A. consumers will maximize their satisfaction where the consumption schedule and 45° line intersect.
B. up to a point consumption exceeds income but then falls below income.
C. the MPC falls as income increases.
D. households consume as much as they earn.
B. up to a point consumption exceeds income but then falls below income.
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Refer to Table 9-4. Use the table above to select the statement that accurately interprets the data in the table
A) Bill has an absolute advantage in picking berries and catching fish. B) Rob has an absolute advantage in picking berries and catching fish. C) Bill has an absolute advantage in picking berries and Rob has an absolute advantage in catching fish. D) Rob has an absolute advantage in picking berries and Bill has an absolute advantage in catching fish.
A depreciation of the U.S. dollar makes American goods cheaper relative to foreign goods, resulting in a ________ in net exports in the U.S. and a ________ shift of the IS curve in the U.S., everything else held constant
A) fall; leftward B) rise; leftward C) fall; rightward D) rise; rightward