The average propensity to consume (APC) is
A) the rate at which real consumption spending changes over time.
B) the percentage of real disposable income saved.
C) the percentage of additional real disposable income that will go toward additional consumption spending.
D) the percentage of real disposable income consumed.
D
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What happened to the international gold standard during WWI?
A) It flourished, since no nation trusted the other nations' currencies. B) It was abandoned. C) It did not disappear but was weakened by a major decline in international trade. D) It was relegated to government control.
A U.S. grocery chain borrows money to buy a warehouse in Ohio and another in Italy. Borrowing for which warehouse(s) is included in the demand for loanable funds in the U.S.?
a. both the one in Ohio and the one in Italy b. only the one in Ohio c. only the one in Italy d. neither the one in Ohio nor the one in Italy