An increase in the price level, other things remaining the same, may be expected to result in ____ the consumption function
a. a downward shift of
b. a movement along
c. an upward shift in
d. no effect on
a
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Which of the following will raise consumer expenditures?
A) an increase in interest rates B) an increase in the price level C) a general decline in housing prices D) an increase in expected future income
YearFootballs(in millions)PÂ FootballsBooks(in millions)PÂ BooksNominal GDPReal GDP2000 Base Yr55464949200165465454200276577765200347788462Assume the table has recorded the total output and prices of the only two goods produced. Looking at the figures in the table and using them to construct the GDP deflator, we can note the GDP deflator in 2003 was:
A. 109 B. 105 C. 74 D. 135
When interest rates in the U.S. increase, we could expect:
A. more foreigners investing in U.S. assets. B. less foreigners investing in U.S. assets. C. more U.S. citizens investing abroad. D. less U.S. citizens investing in U.S. assets.
Economists assume that business firms have many goals, and profit maximization is just one of them
a. True b. False Indicate whether the statement is true or false