A higher interest rate will:
a. shift the consumption function upward
b. shift the consumption function downward.
c. make the consumption function steeper.
d. make the consumption function flatter.
e. cause an upward movement along the consumption function.
b
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The period for which the Consumer Price Index is defined to equal 100 is called the
A) base period. B) starting point. C) beginning period. D) zero period. E) reference base period.
The supply of loanable funds comes from all the following, but:
A. businesses. B. individuals. C. government. D. borrowers.
Suppose a U.S. resident buys a car from a car maker in Japan. This transaction will:
a. have a negative effect on Japan's balance of trade in merchandise. b. have a negative effect on the U.S. balance of trade in merchandise. c. have a positive effect on the U.S. balance of trade in merchandise. d. bring money into the United States. e. have no effect on Japan's balance of trade in merchandise.
If employers can fire an employee for any reason, other things being equal
What will be an ideal response?