If the interest rate rises, an individual could choose to
a. increase consumption when young.
b. increase consumption when old.
c. decrease consumption when young.
d. Any of the above could be correct.
d
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If consumers believe the price of hybrid vehicles will decrease in the future, this will cause the demand for hybrid vehicles to decrease now
Indicate whether the statement is true or false
The advantages of the M-Form of firm organization is
a. divisions can respond more easily to changes in customer demand b. it is easier to maintain customer relationships c. there is less coordination across the firm's divisions d. all of the above
Aggregate demand shows the relationship between: a. price levels and the number of goods that consumers buy during a given period of time
b. goods that are not purchased during a given period of time and the wealth created during the given period of time. c. the amount of investment spending and the market interest rate of an economy. d. the price level and the quantity of all goods sellers are willing and able to provide during a given period of time.
A freeze in Florida's orange growing regions will:
A result in a sharp increase in the price of oranges in the short run because demand and supply are highly elastic. B result in a sharp increase in the price of oranges in the short run because demand and supply are highly inelastic. C result in little change in the price of oranges in the short run because supply is infinitely elastic. D result in a sharp decrease in the price of oranges in the short run because demand is highly inelastic and supply is highly elastic.