Because households have limited incomes, they must
a. rarely take vacations
b. live below the poverty line
c. allocate their spending carefully
d. gamble in casinos frequently
e. save for the future
C
Economics
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Keynes reasoned that consumer expenditure is most closely related to
A) the level of interest rates. B) the price level. C) disposable income. D) the marginal tax rate.
Economics
The 2001 recession was caused principally by
A) a slowing in the growth of the money supply. B) a drop in autonomous consumption spending. C) a decrease in government spending. D) a drop in real business investment.
Economics