The ____ the demand curve for a good, the ____ the change in equilibrium quantity after a shift of the supply curve
a. flatter; greater
b. flatter; smaller
c. farther from the origin at every output level; greater
d. farther from the origin at every output level; smaller
a
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What are the arguments against the redistribution of income?
What will be an ideal response?
Econometrics can be defined as follows with the exception of
A) the science of testing economic theory. B) fitting mathematical economic models to real-world data. C) a set of tools used for forecasting future values of economic variables. D) measuring the height of economists.
In the consumption function model, the 45-degree line represents where
A) the real disposable income is equal to zero. B) planned real saving is equal to zero. C) planned real consumption spending is equal to zero. D) planned real saving is greater than actual real savings.
Horizontal mergers are pretty rare in the United States due to antitrust laws
Indicate whether the statement is true or false