Other things equal, which of the following is the result of increased saving?
a. a decrease in interest rates
b. a decrease in prices
c. forgone consumption
d. all of the above
d
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In a graph showing the market supply and demand for British pounds in terms of U.S. dollars, the supply-of-pounds curve is upward-sloping because ________.
A. fewer British pounds can be purchased per dollar if U.S. dollars become more expensive B. fewer U.S. dollars can be purchased per pound if British pounds become less expensive C. the British will purchase more U.S. goods or services when the dollar price of pounds falls D. the British will purchase more U.S. goods or services when the dollar price of pounds rises
A decrease in quantity demanded
a. results in a movement downward and to the right along a demand curve. b. results in a movement upward and to the left along a demand curve. c. shifts the demand curve to the left. d. shifts the demand curve to the right.
Economic progress comes primarily through
A) entrepreneurial action directed by competitive markets. B) central planning. C) imposition of trade barriers. D) government investment in heavy industry.
How did international policy coordination contribute to the avoidance of an economic depression in 2008 - 2010?
What will be an ideal response?