Multiple Choice
In a one-period economy,real consumption
A) is always less than disposable income.
B) is typically greater than disposable income.
C) is exactly equal to disposable income.
D) can be greater than, less than, or equal to disposable income.
Correct Answer:

Verified
Correct Answer:
Verified
Q86: An increase in total factor productivity shifts
Q87: An indifference curve<br>A) connects a set of
Q88: The household budget constraint may have a
Q89: If dividend income increases,the following does not
Q90: We assume that the representative consumer's preferences
Q92: The profit-maximizing quantity of labor equates the
Q93: A barter economy<br>A) cannot be a market
Q94: The consumer wants to work because he/she<br>A)
Q95: As the quantity of labor increases,the marginal
Q96: As the quantity of labor increases,the marginal