Households in the United States more completely smooth out expenditures on
A) durable goods and nondurable goods than on services.
B) durable goods than on nondurable goods and services.
C) nondurable goods and services than on durable goods.
D) services and durable goods; nondurable goods.
C
Economics
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Increases in ________ typically lead to decreases in private saving
A) the interest rate B) disposable income C) autonomous consumption D) all of the above E) none of the above
Economics
If the price of inputs rises and foreign income rises:
a. Price index rises, and real GDP rises. b. Price index rises, and real GDP falls. c. Price index rises, and the change in real GDP is uncertain. d. Price index falls, and real GDP rises. e. Price index falls, and real GDP falls.
Economics