A decrease in people's disposable income
A) increases saving and decrease consumption.
B) increases saving.
C) increases investment demand.
D) decreases saving.
E) increases consumption.
D
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The above figure shows the market for blouses. The government decides to impose the sales tax on sellers, as shown in the figure. The amount of the tax paid by the buyers would be greater than shown in the figure
A) only if the demand was more elastic. B) only if the demand was more inelastic. C) only if the supply was more elastic. D) if either the demand was more inelastic or the supply more elastic.
The financial system coordinates investment and saving, which are important determinants of long-run real GDP
a. True b. False Indicate whether the statement is true or false
The law of diminishing marginal utility states that as we consume increasing amounts of a good or service, _________________________.
Fill in the blank(s) with the appropriate word(s).
The advice to "retrain" would be most appropriate for which of the following types of unemployment?
A) frictional unemployment B) structural unemployment C) cyclical unemployment D) core unemployment