A permanent increase in income leads to

A) a small increase in current consumption.
B) a large increase in current consumption.
C) a small decrease in future consumption.
D) a large decrease in future consumption.


B

Economics

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Use the following table to answer this question, which provides information on the production of a product that requires one variable input.InputTotal Product00102002060030720408205090060980The marginal product of the 40th input item is 

A. 100. B. 10. C. 20.5. D. 80.

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If good B is a complement to good A, then a rise in the price of B

a. increases the quantity demanded of A b. decreases the demand for A c. increases the demand for A d. decreases the quantity demanded of A e. will cause the demand for B to increase

Economics

Corporate cultures are easily transferable between two organizations

Indicate whether the statement is true or false

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Refer to the information provided in Table 23.7 below to answer the question(s) that follow. Table 23.7Refer to Table 23.7. At an aggregate output level of $800 billion, aggregate saving

A. equals -$50 billion. B. equals $0. C. equals $50 billion. D. cannot be determined from this information.

Economics