The most important determinant of a household's consumption spending is:
a. its disposable income
b. the in-kind transfers received by the household.
c. the level of education of the members of the household.
d. the interest rate.
e. the ratio of wage to non-wage income of the household.
a
Economics
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The formula for the deposit expansion multiplier =
A) 1 x required reserve ratio. B) 1 / required reserve ratio. C) 10 x required reserve ratio. D) 10 / required reserve ratio.
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The past two decades has seen a steady increase in the share of total taxes paid by high-income groups
a. True b. False
Economics