The IS curve shows that higher income levels require ________ interest rates to ensure that income equals ________
A) higher, planned autonomous spending
B) higher, planned expenditures
C) lower, planned autonomous spending
D) lower, planned expenditures
D
Economics
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If we observe that when consumers' incomes rise by 10%, the quantity demanded of ice cream increases by 5%, then ice cream is an inferior good
a. True b. False Indicate whether the statement is true or false
Economics
The United States is a mixed economy because there is a ______________________ sector and a _______________ sector.
Fill in the blank(s) with the appropriate word(s).
Economics
Ceteris Paribus
What will be an ideal response?
Economics
On the consumption contract curve
A. supply equals demand of both goods. B. there will be no further voluntary exchange. C. all allocations are Pareto optimal. D. All of these are true.
Economics