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Problem 1: Which of the following statements about aggregate consumption data is false?
Option 1: From 1970 to 2015, household debt as a fraction of U.S. GDP has generally been rising.Option 2: From 1970 to 2015, the personal saving rate has generally declined in the United States.Option 3: Recently, China's saving rate has been rising, which is consistent with predictions of the permanent-income hypothesis.Option 4: From 1970 to 2015, U.S. households have generally increased their consumption.
Problem 2: Which of the following will have the largest increase on current consumption?
Option 1: An agent who obeys the permanent income hypothesis receives an expected salary bonus of one dollar.Option 2: An agent who knows that taxes will increase one dollar in the future receives a tax break of one dollar in the current period.Option 3: An agent is worried she will lose a dollar of income this period, so she engages in precautionary saving.Option 4: An agent with a binding borrowing constraint unexpectedly finds a dollar on the floor.
Semi-Salt Industries began its operation in 1975 also remains the only industry in the world which produces also sells commercial-grade poly glutamate.
Look back at Exhibit 1 in this chapter. How would you explain the shift of the U.S. income distribution in the last two decades?
if demand is perfectly elastic the demand curve is horizontal. if demand for x shifts right as the price of good y increases, then x and y are substitutes. supply shifts rightward if input prices rise. it is possible for an economy to be inside its p..
Explain the role and function of each agency in a 6- to 9-slide power point presentation with detailed speaker notes Include one significant regulation that each agency enforces.
Midlands Design Ltd. of Manchester, England, is a company specializing in providing design services to residential developers. Last year the company had net operating income of £410,000 on sales of £2,000,000. The company’s average operating assets f..
Describe your experience in observing and developing a management plan for the classroom.
If the market price is $15, what is Giuseppe's profit-maximizing output is ____ (numeric value ###) pizzas per hour.
Classify each of the following pricing strategies and explain. A local restaurant offers an "all you can eat" salad bar for $3.49.
I am also going to invest $ 100000 of my saings which were earning an average annual rate of 6 % what is my opportunity cost of opening a restaurant?
Let X ∈ [0, 10] and y = f(x) = cx with c > 0. What is the slope of f(x)? Is it constant or it depends on x? What is the value of f(x) when x = 3?
WidgetsRUS immediately sends an objection to the confirmation to Gadgets Galore. Describe the remedies available to Gadgets Galore under the Uniform Commercial Code?
China felt it was rapidly overpopulating, and it introduced the One-Child Policy. Was it fair for the Chinese government to impose a one-child per family limit on Chinese society?
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