Refer to Table 10-1. What is Keegan's optimal consumption bundle?
A) 5 pita wraps and 0 bubble teas B) 3 pita wraps and 4 bubble teas
C) 3 pita wraps and 3 bubble teas D) 4 pita wraps and 2 bubble teas
B
Economics
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In the consumption function C = a + c(Y - T), the "marginal propensity to consume" appears as
A) a. B) c. C) cY. D) -cT. E) c(Y - T).
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Given nominal money growth, the amount of seignorage will be greater when
A) tax revenues are higher. B) real money balances are larger. C) the inflation rate is higher. D) foreign lending is higher. E) none of the above
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