If the interest rate in the French economy increases, then the most likely outcome would be that, in France, the
a. economy will move to a new point along its existing consumption curve
b. consumption curve will shift upward
c. investment curve will shift downward
d. investment curve will shift upward
e. economy will move to a new point along its existing investment curve
C
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According to the "Rule of 70," it will take 4 years for real GDP per capita to double when the growth rate of real GDP per capita is
A) 4 percent. B) 12.25 percent. C) 17.5 percent. D) 28 percent.
What assumptions in the perfect competition model ensure that economic profit is zero in the long run? Explain
What will be an ideal response?
As of October 2012, which of the following was true?
A) deposits of foreign governments and international organizations > bank reserves > currency in circulation B) currency in circulation > bank reserves > deposits of foreign governments and international organizations C) bank reserves > currency in circulation > deposits of foreign government and international organizations D) currency in circulation > deposits of foreign governments and international organizations > bank reserves
Sticky prices are a direct result of the kinked demand curve.
Answer the following statement true (T) or false (F)