The average propensity to consume (APC) equals
A) the change in consumption expenditures divided by the change in real disposable income.
B) real disposable income divided by consumption expenditures.
C) the change in real disposable income divided by the change in consumption expenditures.
D) consumption expenditures divided by real disposable income.
D
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On the graph above, suppose the economy has moved from point H to point G. If the shock was temporary and inflation expectations are adaptive, the economy will next ________
A) return to point H B) move to point F C) move to a point between points G and H D) remain at point G E) none of the above
According to The Silent Language written by E. T. Hall, there are three anthropological models of time. Which of the following is not one of them?
a. Procedural-traditional b. Linear-separable c. Circular-traditional d. Spatial-sequential