Refer to the above figure. The figure represents the saving function for the consumer. Point B represents
A. the amount of autonomous consumption.
B. a situation in which saving is positive.
C. a situation in which saving is negative.
D. the point at which saving equals zero.
Answer: D
Economics
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Refer to Figure 13-9. Which of the graphs in the figure depicts a monopolistically competitive firm that is minimizing its losses?
A) Panel A B) Panel B C) Panel C D) Panel A and Panel C
Economics
In the Cambridge approach, if k is .5, total output is $50 billion, and the money supply is $100 billion, the price level is
A) 0.5. B) 4.0. C) 3.0. D) 10.0.
Economics