The demand for current consumption, as plotted against current income, shifts to the right due to all of the following except
A) a decrease in current taxes.
B) a decrease in future taxes.
C) an increase in current income.
D) an increase in future income.
C
You might also like to view...
Jill, a bookkeeper just received an attractive offer from an outside firm. Her opportunity cost, of staying in her current position has
a. Increased b. Decreased c. Not changed d. All of the above
The 2005-2008 Chinese policy with respect to the Yuan has been to
a. allow its currency to float. b. allow its currency to rise in value quickly. c. allow its currency to rise in value slowly. d. allow its currency to fall in value slowly. e. allow its currency to fall in value quickly.
If there is complete crowding out, the change in Real GDP that results from a given change in autonomous spending will be
A) zero. B) greater than if there was incomplete crowding out. C) infinite. D) There is not enough information to answer the question.
According to the short-run Phillips curve, if the central bank increases the money supply, then
a. inflation and unemployment will both fall. b. inflation and unemployment will both rise. c. inflation will fall and unemployment will rise. d. inflation will rise and unemployment will fall.