If you fit a line through a scatter diagram of points that represent coordinates of consumer spending and disposable income, the slope of this line will equal the

a. propensity to consume
b. variable propensity to consume.
c. marginal propensity to consume.
d. average propensity to consume.

c

Economics

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From which of the following goods is it most difficult to exclude free riders?

A) Tickets for the Newport Jazz Festival B) Food and beer sold at the Newport Jazz Festival C) Programs and souvenirs sold at the Newport Jazz Festival D) A radio simulcast of the Newport Jazz Festival

Economics

Money in the U.S. is essentially debt of:

A. Businesses and the banks B. The Federal Reserve System and the banks C. The national and local governments D. Businesses and the Federal Reserve System

Economics