When the real interest rate falls, the consumption function
A) does not shift and there is a movement downward along the consumption function.
B) shifts upward.
C) does not shift and there is a movement upward along the consumption function.
D) shifts downward.
E) does not shift and there is no movement along the consumption function.
B
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In the short-run, an increase in the price of raw materials will ________ the price level and ________ real GDP
A) raise; increase B) lower; increase C) lower; decrease D) raise; decrease E) raise; not change
The law of demand states that when price increases, quantity demanded increases
Indicate whether the statement is true or false
According to the World Bank, nearly 2 billion people are classified as being in ________ poverty.
A. harsh B. extreme C. overwhelming D. severe
How international immobility of resources is compensated by international flow of goods
What will be an ideal response?