________ shifts the consumption function upward
A) A decrease in the marginal propensity to consume
B) An increase in the price level
C) An increase in the real interest rate
D) An increase in expected future disposable income
E) An increase in disposable income
D
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In the market for loanable funds, the law of supply:
A. reflects that more people will choose to borrow the lower is the interest rate. B. reflects that more people will choose to save the lower is the interest rate. C. reflects that more people will choose to save the higher is the interest rate. D. reflects that more people will choose to borrow the higher is the interest rate.
Generally speaking, monopolies
A. May be beneficial to society if they are natural monopolies and are regulated. B. May be beneficial to society if they are allowed to act like monopolies without government interference. C. Are never beneficial to society. D. Have great productive efficiency and are always beneficial to society.
In 2015 the euro depreciated more than 30 percent against the dollar. As a result, European:
A. exports declined, dragging down the economy. B. imports rose, boosting the economy. C. exports rose, boosting the economy. D. imports declined, dragging down the economy.
When DVDs and hamburgers were the same price, Mavis consumed 3 hamburgers and 5 DVDs, and Mavis received 10 utils from the last hamburger and 15 utils from the last DVD consumed. What should be Mavis' consumption strategy?
A) consume more DVDs and fewer burgers B) consume more burgers and fewer DVDs C) consume more of both items D) consume less of both items