Which one of the following will shift the Italian consumption curve downward?
a. an increase in Italy's national income
b. a decrease in Italy's national income
c. Italian legislation making credit harder to obtain in Italy
d. lower tax rates in Italy
e. a series of technological breakthroughs occurring at the same time in Italy
C
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A graph shows that as fees to use ATM machines increase, people use them less frequently. The graph of this relationship would show
A) an inverse relationship. B) a negative relationship. C) a direct relationship. D) Both answers A and B are correct.
The Nash equilibrium for the game is
a. For both stores to advertise b. For megastore to advertise and for superstore not to advertise c. For megastore not to advertise and for superstore to advertise d. For both stores to not advertise
What is the present value of $500 promised four years from now at 5% annual interest?
A. $520.00 B. $400.00 C. $411.35 D. $607.75
Each of the following is an example of discretionary fiscal policy, except
A. interstate highway construction. B. extending the benefit period for unemployment insurance. C. the corporate profits tax. D. a tax cut for the rich.