An example of an abstraction used in macroeconomics is
a. the price level.
b. total costs.
c. the tax rate.
d. the treasury bill rate.
e. proprietor's income.
a
Economics
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If consumers save 15 cents out of every dollar received, the:
A. Multiplier is 15. B. MPS is 0.85. C. MPS is 0.15. D. Multiplier is 0.15.
Economics
Which of the following will definitely reduce a budget deficit and provide fiscal restraint?
A. Greater government spending and lower taxes. B. Greater government spending and higher taxes. C. Lower government spending and lower taxes. D. Lower government spending and higher taxes.
Economics