Which of the following would shift the saving schedule upward?
A. A decrease in wealth
B. A decrease in real interest rates
C. Consumer expectations of rising prices of products
D. Increased optimism about future incomes
A. A decrease in wealth
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Looking at real and nominal interest rates in the United States since 1971, we see that the
A) nominal interest rate has at times been negative. B) real interest rate has been greater than 10 percent for most years. C) real interest rate has at times been negative. D) real interest rate was above 5 percent during the low inflation of the 1970s. E) real interest is generally greater than the nominal interest rate.
What four conditions define a perfectly competitive market?
What will be an ideal response?
The presence of government corruption in some countries
A) slows their economic growth. B) speeds their economic growth. C) invalidates the new growth theory's predictions. D) supports the classical growth theory's predictions. E) invalidates the neoclassical growth theory's predictions.
At the profit-maximizing level of output, demand is
A) completely inelastic. B) inelastic, but not completely inelastic. C) unit elastic. D) elastic, but not infinitely elastic. E) infinitely elastic.