Bob just got laid off and now has no income. We can assume that his demand for all:
A. all inferior goods will decrease.
B. all normal goods will stay the same.
C. all normal goods will increase.
D. all inferior goods will increase.
Answer: D
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Suppose that the free market exchange rate for the dollar is 115 yen, but the U.S. and Japanese governments want it to be 120 yen/dollar. What can the governments do? Illustrate your answer with a graph
What will be an ideal response?
Why do school districts sell bonds to the public when they are financing a new school building program rather than sell stock?
What will be an ideal response?
Compared to commercial banks and thrift institutions, finance companies are
A) heavily regulated. B) able to attract small depositors. C) prevented from making relatively small loans. D) virtually unregulated.
Nominal income:
A. Reflects the purchasing power of money. B. Is income adjusted for inflation. C. Is the amount of money income, measured in current dollars. D. Is the amount of money income, measured in constant dollars.