(Figure: Supply of Coconuts) Look at the figure Supply of Coconuts. If the price of coconuts decreased, it would be represented in the figure as a movement from:
A) BtoA.
B) CtoA.
C) EtoB.
D) AtoB.
D) AtoB.
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When disposable income increases, saving will
A) not change. B) increase, and the supply of loanable funds curve shifts rightward. C) decrease, and there is a movement downward along the supply of loanable funds curve. D) increase, and there is a movement upward along the supply of loanable funds curve. E) decrease, and the supply of loanable funds curve shifts leftward.
Give an example of currency depreciation and appreciation
What will be an ideal response?
Which one of the following statements is TRUE?
A) If the money price of a good increases, its relative price necessarily increases. B) If the money price of a good increases, its relative price necessarily decreases. C) The relative price of a good refers to the opportunity cost of purchasing it. D) Rational consumers always ignore the monetary price of a good when deciding whether to buy it.
How much is induced consumption when disposable income is $10 billion?
