Assume a consumer purchases two goods: X and Y. All else constant, an increase in the price of X would cause the total utility the consumer can obtain with her available income to decrease
Indicate whether the statement is true or false
TRUE
You might also like to view...
When the Federal Reserve increases the money supply, people spend more because interest rates fall
Indicate whether the statement is true or false
The U-shaped yield curve in the figure above indicates that the inflation rate is expected to
A) remain constant in the near-term and fall later on. B) fall sharply in the near-term and rise later on. C) rise moderately in the near-term and fall later on. D) remain constant in the near-term and rise later on.
Recessions tend to be ________ by ________ the rate of inflation.
A. followed; a decrease in B. neither preceded nor followed; any change in C. preceded; a decrease in the stability of D. followed; an increase in
Explain how harmonization of standards might increase productive efficiency
What will be an ideal response?