If the probability of losing your job remains ________, a recession would be a good time to purchase a home because the Fed usually ________ interest rates during this time
A) low; lowers
B) low; does not change
C) high; lowers
D) low; raises
E) high; raises
A
Economics
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The change in consumption divided by the change in disposable income is equal to
A) real GDP. B) household saving. C) the slope of the consumption function. D) aggregate expenditure.
Economics
The government's policy of reducing payments for physicians' services has generated a relative
A) increase in the number of physicians in the program. B) reduction in the number of physicians in the program. C) reduction in the demand for medical services. D) increase in the income of the physicians remaining in the program.
Economics