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Among the functions of money are correct answers to act as a medium of exchange, a unit of account, and a store of value In the consumption function, if disposable income is unchanged, a decrease in the marginal propensity to consume will correct answers decrease consumption spending. When the...

goes up correct answers when money supply goes down, interest rate spread (r)... people can't pay loans and banks don't have money correct answers why do bank failures occur? spending and GDP goes down correct answers when stock market crashed, people had to save again, so... falls, d...

Suppose in 2017 the number of people in the labor force was 160,398 thousand, employment was 153,336 thousand and unemployment was 7,062 thousand. Suppose unemployment in 2016 was 7,750 thousand. How would you calculate the unemployment rate for 2017? a. Divide 2017 unemployment by the 2017 la...

Among the functions of money are... correct answers to act as a medium of exchange, a unit of account, and a store of value The establishment of deposit insurance in 1934 increased the money supply because correct answers it eliminated the reason for bank runs, which allowed banks to keep lower r...

Money can be interpreted as a kind of technology that increases the production of goods and services, because correct answers Money allows people to specialize in the production activities they do best. The consumption function is =A+b(Y-T+R), where A is autonomous consumption, b is the marginal ...

In the goods market, an equilibrium to the left of potential output implies that correct answers the economy has unemployed resources. When the price level rises, correct answers people's purchases are more expensive, so the demand for money rises. In the goods market, if a rise in oil pric...

Reporters are fond of the phrase, "Consumers are more than two-thirds of the economy." They mean that correct answers household consumption spending is more than two-thirds of total gross domestic product. Gross Domestic Product accountants measure the contribution of government to GDP by c...

Potential output is correct answers The amount that can be produced when resources are normally employed On the goods market diagram, correct answers The vertical axis is the price level, and the horizontal axis is the level of output What two goods market diagrams show recession? correct answ...