Which one of the following will shift the consumption curve upward?
a. higher interest rates
b. expectations that the economy will grow in the future
c. a decrease in money holdings
d. higher capacity utilization rates
e. a tax cut
E
Economics
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If M were 10,000, P were 10, and Q were 5,000, how much would V be?
What will be an ideal response?
Economics
An inferior good is best defined as a product for which the:
A. income elasticity of demand is negative. B. income elasticity of demand is zero. C. price elasticity of demand is zero. D. price elasticity of demand is negative.
Economics
Explain how harmonization of standards might increase productive efficiency
What will be an ideal response?
Economics
The World Trade Organization is a successor organization to the
A. International Court of Justice. B. United Nations. C. World Bank. D. GATT.
Economics