The consumption function shows
a. the relationship between consumption and saving
b. the relationship between consumption and real disposable income
c. the relationship between consumption and real income
d. the relationship between consumption and nominal income
e. the relationship between total consumption and consumption for durable goods
B
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Which of the following is an example of a physical capital in agricultural production?
A) A common canal B) A farmer C) A road D) A tractor
Legal reserve requirements on banks in the United States today are primarily
A) a limitation on banks' ability to make loans. B) a protection for bank depositors against runs. C) a protection for bank shareholders against capital loss. D) an attempt to restrain the market power of banks. E) designed to control competition among banks.