All inferior goods have upward-sloping demand curves
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
An open market _______ of $100 million of securities ______
A. purchase; increases bank reserves B. sale; increases bank reserves C. purchase; decreases the Fed's liabilities D. sale; increases the Fed's liabilities
There is no trade-off between inflation and unemployment when expectations are ________ and policy changes are ________
A) adaptive; anticipated B) adaptive; unanticipated C) rational; anticipated D) rational unanticipated
The consumption function becomes steeper as the income tax rate decreases because a decrease in the income tax rate: a. increases the disposable income available to the consumer. b. decreases the disposable income available to the consumer. c. increases the marginal propensity to save
d. increases the wealth of the consumer.
In the United States, doctors and hospitals that provide most health care are
A) primarily private firms. B) primarily employed by the government. C) split evenly between private firms and employed by the government. D) 100 percent employed by the government.