Autonomous consumption spending is consumption spending:
a. that is dependent on changes in disposable income.
b. on durable goods.
c. that causes the MPC to rise.
d. that is independent of the level of disposable income.
e. that causes the MPC to fall.
d
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The national security argument is used by those who assert they want to
A) increase imports as a way of strengthening their country. B) limit exports to control the flow of technology to third world nations. C) limit imports that compete with domestic producers important for national defense. D) limit all imports. E) increase exports as a way of earning money to strengthen their country.
Explain whether you agree or disagree with the following statement: "The reason that inflation is bad is because it increases the cost of living — the costs of goods and services we buy — without increasing income in general."
What will be an ideal response?