A higher interest rate will _____
Fill in the blank(s) with the appropriate word(s).
shift the consumption function downward.
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Which of the following groups is the LEAST likely to be poor?
A) college graduates B) minorities C) single females D) people without high school degrees
A medium of exchange is
A) any asset that sellers will accept as payment. B) a measure by which prices are expressed. C) an asset that is used to settle future debts. D) the thing traded when barter takes place.
A lower price level causes
a. the entire aggregate expenditure to shift up. b. the entire aggregate demand curve to shift to the right. c. a movement along a given aggregate demand curve. d. both a movement along a given aggregate demand curve and the entire aggregate expenditure to shift up.
Which of the following is true? a. When real interest rates are higher in country A than country B there will tend to be a capital flow from country B to country A. b. When real interest rates are higher in country A than country B there will tend to be a capital flow from country A to country B. c. Capital flows will tend to increase real interest rates in countries with a capital inflow
d. Both b. and c. are correct.