If there is a decrease in disposable income in an economy, then:
A. Both the APC and the APS rise
B. The APC rises and the APS falls
C. The APC falls and the APS rises
D. Both the APC and the APS fall
B. The APC rises and the APS falls
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One plausible explanation of the U.S. productivity slowdown starting in 1973 is that it was the result of the time needed to adapt to new technology. This explanation would require that
A) workers withdraw from the labor force to learn about the new technology. B) a large number of new entrants be attracted to the labor force. C) managers be reluctant to adopt changes. D) workers time at their jobs be diverted from production to learning the technology.
During the financial crisis it was proposed that firms be provided with a tax credit for investment projects. Such a tax credit would
a. shift both the demand for loanable funds and the supply of dollars in the market for foreign-currency exchange right. b. shift the demand for loanable funds right and shift the supply of dollars in the market for foreign-currency exchange left. c. shift the demand for loanable funds left and shift the supply of dollars in the market for foreign-currency exchange right. d. shift both the demand for loanable funds and the supply of dollars in the market for foreign-currency exchange left.
Rising real wages for women in the U.S. workforce since the 1960s have:
A. Reduced access to job opportunities for women B. Increased the opportunity cost of staying at home C. Led to a rise in the number of lifetime births per woman D. Reallocated labor resources from urban to rural areas of the nation
The demand curve faced by the individual perfectly competitive firm is:
A) downward sloping. B) upward sloping. C) horizontal. D) vertical.