A decrease in disposable income will _____
Fill in the blank(s) with the appropriate word(s).
cause a downward movement along the consumption function.
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Over the past five years, the population growth rate in Kabir’s country has been rising rapidly. How is this most likely impacting the country’s capital stock?
a. Capital stock per worker is increasing. b. Capital stock per worker is fluctuating rapidly. c. Capital stock per worker is declining. d. The population growth rate is not affecting the country’s capital stock.
Game theory is a tool for studying ________
A) Nash behavior B) payoff dilemmas C) rational dilemmas D) strategic behavior
The conventional monetary policy to fight inflation would be to
A. increase the rate of monetary growth. B. decrease the rate of monetary growth. C. run budget deficits. D. run budget surpluses.
A decreasing-cost industry will have
A. a downward sloping supply curve in the long run. B. an upward sloping demand curve in the long run. C. a perfectly inelastic long-run supply curve. D. a perfectly elastic long-run supply curve.