Increases in ________ typically lead to decreases in ________
A) the interest rate; saving
B) disposable income; consumption
C) autonomous consumption; consumption
D) all of the above
E) none of the above
E
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A devastating earthquake destroys ten percent of the population in California. As a result: a. California's production possibility curve shifts outward
b. California moves up and to the left along its production possibilities curve. c. California moves down and to the right along its production possibilities curve. d. California's production possibility curve shifts inward.
Banks will keep excess reserves when:
a. they do not foresee profitable opportunities to make loans b. business conditions generally are depressed c. they do not foresee opportunities to make secure loans d. All of the above are correct.
The circular flow model is not used anymore because it fails to perfectly replicate real world situations
a. True b. False Indicate whether the statement is true or false
The demand for land is derived from ______________.
Fill in the blank(s) with the appropriate word(s).