An increase in interest rates results in
A. increased consumption and decreased savings.
B. increased savings and decreased consumption.
C. an increase in autonomous consumption.
D. an increase in the durable goods expenditures.
B. increased savings and decreased consumption.
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Holding everything else constant, the U.S. real exchange with Australia will increase if inflation is higher in the United States than in Australia
Indicate whether the statement is true or false
Refer to Figure 5-8. What is the economically efficient level of pollution reduction?
A) 12.5 million tons B) 9 million tons C) 8 million tons D) 0 tons
The cross-price elasticity of demand for peanut butter and jelly is likely:
A. a positive number. B. a very high positive number. C. a negative number. D. less than one.
Since 1870, U.S. labor productivity growth has averaged roughly 2.1 percent annually
a. True b. False Indicate whether the statement is true or false