In the standard consumption function of C = a + bY, a change in corporate stock prices would be reflected by a change in
A) Y.
B) b.
C) a.
D) both A and B.
C
Economics
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Money as a medium of exchange
I. facilitates the exchange of goods. II. reduces or eliminates the need for barter. A) I only B) II only C) both I and II D) neither I nor II
Economics
A constant contributor to labor productivity growth during the entire 1948–2000 period was
A. capital formation. B. technological change. C. labor force growth. D. government spending.
Economics