________ will increase current consumption, saving, and future consumption
A) an increase in future income
B) an increase in initial wealth
C) an increase in current income
D) a decrease in the real interest rate
C
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A country gains more from international trade the more its terms of trade differ from its autarky price
Indicate whether the statement is true or false
Historians typically disagree with which of the following contentions from Time on the Cross?
(a) Slavery was profitable for Southerners and consequently resulted in wealth accumulation. (b) Slavery was on the verge of extinction on the eve of the Civil War. (c) Slave owners were moral and treated slaves with kindness and high standards. (d) Slave breeding and sexual exploitation were myths and slave sales rarely broke up slave families.
If a bank receives a new deposit of $10,000 . and the legal reserve requirement is 25 percent, then the potential new money that can be created by the banking system, including the initial deposit, is
a. $25,000 b. $2,500 c. $4,000 d. $40,000 e. $10,000
The demand curve for a monopolist differs from the demand curve faced by a competitive firm because the demand curve for:
A. a monopolist is the market demand curve. B. a monopolist lies below its marginal revenue curve. C. a competitive firm lies above its marginal revenue curve. D. a competitive firm is inelastic.