When a consumer experiences a price increase for an inferior good, if the income effect is
a. greater than the substitution effect, the demand curve will be downward sloping.
b. greater than the substitution effect, the demand curve will be upward sloping.
c. less than the substitution effect, the demand curve will be upward sloping.
d. less than the substitution effect but the substitution effect is positive, the demand curve will be upward sloping.
b
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There is a negative relationship between the real rate of interest and investment spending
Indicate whether the statement is true or false
Who does inflation benefit?
(a) All businesses (b) The government (c) Individuals living on fixed incomes (d) Debtors
A professionally managed portfolio of assets intended to provide income to retirees is called:
A. a mutual fund. B. a stock. C. a derivative. D. investing by proxy.
The United States gives ________ percent of its total output to foreign aid
A. 0.4 B. 0.7 C. 0.19 D. 0.28