Other things being equal, an increase in consumption spending implies
A. a higher standard of living in the future.
B. a decline in government spending.
C. that economic growth will soon increase.
D. a decline in saving.
Answer: D
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A risk-neutral person will invest in a project by examining if
A) the expected utility associated with the project is positive. B) the marginal utility associated with the project is positive. C) the expected net present value is positive. D) All of the above.
A rent control law, where tenants pay below-market rents, is a market restriction that may induce a decrease in the supply of rented apartments
a. True b. False Indicate whether the statement is true or false
As long as the aggregate supply curve is upward sloping, an increase in aggregate demand will increase
a. real wealth. b. price levels. c. unemployment. d. net exports.
The knowledge and skills that make workers productive are referred to by economists as:
A. human capital. B. simultaneous consumption. C. increasing returns. D. resource allocation.