Nellie realized that while most of her audience didn’t agree with the suggestions she made for raising funds, they continued to listen to her ideas and formulated their opinions after she was finished. Nellie gauged the reaction of her audience based on audience _____.

A word or phrase expressing a judgment of what is desirable or undesirable, right or wrong, good or bad is a(n) _____.

You pick the topic, “What to Do on a Friday Night When You Can’t Drink,” because your demographic analysis found that a large segment of the college audience is under age 21. You feel that your topic might be useful to the over-21 listeners; however, your principal focus will be on the under-21 crowd. This strategy is called _____.

If income is 4,800, consumption is 3,500, government purchases is 1,000, and taxes minus transfers are 800, public saving is:

The marginal propensity to save is:

Exhibit: Saving, Investment, and the Interest Rate    The economy begins in equilibrium at point E, representing the real interest rate r1 at which saving S1 equals desired investment I1. What will be the new equilibrium combination of the real interest rate, saving, and investment if there is a tax law change that makes investment projects less profitable and decreases the demand for investment goods (but does not change the amount of taxes collected in the economy)?

Assume that the investment function is given by I = 1,000 − 30r, where r is the real rate of interest (in percent). Assume further that the nominal rate of interest is 10 percent and that the inflation rate is 2 percent. According to the investment function, investment will be:

An increase in the supply of capital will:

Assume that equilibrium GDP (Y) is 5,000, consumption (C) is C = 500 + 0.6 (Y − T), taxes (T) are 1,000, and government spending is 600. Equilibrium investment is:

In a barter system, the term “double coincidence of wants” refers to what situation?