Based on the following graph, what is the price of Y?
The consumer's income is $600.
A. $4
B. $6
C. $8
D. $0.25
E. none of the above
Answer: B
Economics
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According to this Application, a one degree Celsius rise in temperature
A) increases rich countries' exports. B) decreases poor countries' exports. C) decreases all countries' exports. D) increases poor countries' exports.
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In the Keynesian model, an increase in real autonomous spending results in a greater increase in real Gross Domestic Product (GDP) if
A) the marginal propensity to consume (MPC) is lower. B) the marginal propensity to consume (MPC) is higher. C) the average propensity to save (APS) is higher. D) the average propensity to save (APS) is lower.
Economics