With a recession under way, consumers have less money, causing a demand shift to the right.
Answer the following statement true (T) or false (F)
False
With a recession under way, consumers have less money, causing a demand shift to the left.
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If the Fed reduces the supply of bank reserves, ________
A) investment increases B) consumption increases C) the federal funds rate increases D) the federal funds rate falls
Investment demand is downward sloping because
A) an increase in investment demand causes interest rates to fall. B) at lower interest rates, firms will undertake more investment. C) at lower interest rates, firms will undertake less investment. D) none of the above.
If you work 4 extra hours, and the slope of the curve showing the relationship between your income and work hours is 8, your income will increase by:
A. $2. B. $4. C. $12. D. $32.
If successive units of a good are consumed, the marginal utility gained typically:
A. decreases at the same rate for all people. B. increases at the same rate for all people. C. decreases at different rates for different people. D. increases at different rates for different people.