A. the average amount of income that is saved
B. the fraction of a change in income that is saved
C. the ratio of saving to income
D. the ratio of income to saving
A. income tax and social security payments
B. taxes and the addition of benefits
C. income tax
D. contractual payments such as pensions and mortgages
A. The marginal propensity to consume.
B. The amount of income when consumption is zero
C. The average consumption level
D. The amount of consumption when income is zero
A. aggregate investment
B. aggregate expenditure
C. aggregate demand
D. aggregate output
A. A lower interest rate but the same quantity of money
B. A higher interest rate but the same quantity of money
C. A higher quantity of money but lower interest rates
D. A higher quantity of money but the same interest rate
A. Reduce interest rates
B. Buy back government bonds
C. Sell government bonds
D. Encourage banks to lend
A. The velocity of circulation decrease
B. The number of transaction decrease
C. There is deflation
D. The velocity of circulation and the number of transactions is constant
A. Is perfectly interest elastic
B. Is perfectly interest inelastic
C. Means that an increase in money supply leads to a fall in the interest rate
D. Means that an increases in the money supply leads to an increases in the interest rate
A. Depreciation
B. Acceleration
C. Declaration
D. Capital investment
A. Government policy
B. Expectations
C. National income
D. Historic trends