A decrease in income will lead to an increase in the demand for an inferior good.
Answer the following statement true (T) or false (F)
True
You might also like to view...
A financial institution that wants a 5 percent real return on its loans and contemplates a 4 percent annual inflation rate should loan at a nominal interest rate of approximately
A) minus 1 percent. B) 1 percent. C) 9 percent. D) 15 percent. E) 20 percent.
Contractionary monetary policy refers to the Fed's decreasing the money supply and decreasing interest rates to decrease real GDP
Indicate whether the statement is true or false
In the probit regression, the coefficient ?1 indicates
A) the change in the probability of Y = 1 given a unit change in X B) the change in the probability of Y = 1 given a percent change in X C) the change in the z- value associated with a unit change in X D) none of the above
Over the last ten years which geographic area or country had the highest per capita growth rate?
A. Western Europe B. China C. Latin America D. North America