The smaller the amount saved out of a change in disposable income, the
A) more horizontal the consumption function.
B) larger the MPC.
C) more net taxes affect consumption.
D) smaller is autonomous consumption.
E) smaller the MPC.
B
Economics
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Which of the following would be counted as investment when calculating gross domestic product?
a) the purchase of a used computer by an auto manufacturer b) the purchase of a share of IBM stock by an employee c) the construction of a new house d) the construction of roads by the government e) the profit earned when selling shares of stock
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How do adverse selection and moral hazard affect the market for insurance?
What will be an ideal response?
Economics