At the point at which the consumption function intersects the 45 degree reference line
A) planned real consumption of real disposable income equals zero.
B) planned real saving equals real disposable income.
C) planned real consumption equals real disposable income.
D) equilibrium output is supply determined equilibrium output is determined by both.
C
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Auditors working for a large accounting firm are often away from the office. When they are in the office, they are allowed to use any desk that is available. Which method is used to allocate desks?
A) lottery B) first-come, first-served C) command D) contest E) sharing equally
Increased government borrowing to cover a budget deficit results in:
a. a higher interest rate and the depreciation of the U.S. dollar. b. a higher interest rate and the appreciation of the U.S. dollar. c. a lower interest rate and the depreciation of the U.S. dollar. d. a lower interest rate and the appreciation of the U.S. dollar. e. increased purchases of foreign assets by U.S. residents.