Real consumption spending is inversely related to
a. real disposable income
b. the amount of common stock owned
c. the amount of real estate owned
d. expectations of future income
e. the interest rate
E
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Which of the following is a checkable and debitable account?
A) a savings account B) a brokerage account with your stockbroker C) a checking account D) All of the above are checkable and debitable accounts.
The main tradeoff to be considered when judging pro-growth policies is
a. foregone current consumption versus the current benefits of technological progress b. foregone current consumption versus the future benefits of technological progress c. foregone future consumption versus the future benefits of technological progress d. foregone future consumption versus the current benefits of technological progress e. government surpluses versus deficits in the future