Which of the following shifts the entire consumption function upwards?
A) a decrease in the value of consumer durables B) an increase in consumer wealth
C) a decrease in consumer confidence D) an increase in income
B
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In financial markets, sellers are people who:
A. have cash on hand and are willing to let others use it, for a price. B. want to spend money on something of value right now, but don't have cash on hand. C. want to spend money on something of big value in the future, but don't know how to save for it. D. have cash promised to them at some future date.
Capital flight refers to
a. the movement of workers across international borders in response to exchange rate changes. b. the movement of funds between financial intermediaries when interest rates change. c. the ability of foreign direct investment to lift a country out of poverty. d. a large and sudden movement of funds out of a country.
All of the following would be included in planned aggregate expenditure EXCEPT:
A. spending on consumer durables. B. sales of domestically produced goods to foreigners. C. interest paid on the government debt. D. planned changes in inventories.
Which of the following questions have a macroeconomic focus?
A) How does a consumer choose which goods to consume given his/her income? B) How does demand for a good change when there is an increase in a consumer's income? C) How does a monopolist decide how much to produce? D) What is the unemployment rate in your country?