The fraction of each added dollar of disposable income that is used for consumption is called the:
a. average propensity to consumer (APC).
b. autonomous consumption rate (ACR).
c. marginal consumption propensity (MCP).
d. marginal propensity to consume (MPC).
d
Economics
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Prior to 1921, federal agencies first submitted their budgetary requests to _____
a. the President b. the Speaker of the House c. the Congressional Budget Office d. the Treasury Department
Economics
Which of the following policy options would not be used to eliminate an inflationary gap?
a. Decrease government spending. b. Decrease consumption. c. Increase investment. d. Decrease taxes.
Economics