Which of the following will shift the consumption function upward?
a. A lower interest rate
b. An increase in the interest rate
c. An increase in disposable income
d. A decrease in disposable income
e. Expectations of lower prices in the future
a
You might also like to view...
In peak-load pricing, once capacity is reached, the firm's short-run marginal cost curve becomes ________.
A) negative B) vertical C) horizontal D) upward sloping
In one week, Tetah can knit 15 sweaters or bake 480 cookies. The opportunity cost per cookie for Tetah is
a. $15 b. 15 sweaters c. 32 sweaters d. 1/32 of a sweater e. 480 sweaters
The Lorenz curve represents: a. the line of perfect inequality
b. the line of perfect equality. c. the nonwage income of households. d. the actual distribution of income.
An increase in capital stock would
What will be an ideal response?