The ________ measures the change in the demand of a good due to a percentage change in the consumer's income
A) substitution effect of a price change
B) income effect of a price change
C) cross-price elasticity of demand
D) income elasticity of demand
D
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In an open economy, there should be a close positive relationship between
a. budget deficits and interest rates. b. trade deficits and budget deficits. c. savings and investment. d. investment and consumption. e. none of the above.
If banks are currently holding zero excess reserves and the Fed lowers the required reserve ratio, which of the following will happen?
A) Banks will have a reserve deficiency. B) Banks will have positive excess reserves. C) Banks will extend fewer loans. D) Banks will call in some of their loans to meet the reserve deficiency.
Recall the Application about how technological advances in another country may hurt the United States to answer the following question(s). In this Application, how does China manage to gain access to the latest intellectual property of companies in the United States?
A. By requiring American firms to have joint partnerships with Chinese companies if they want to do business in China. B. Through espionage. C. Through Google searches. D. When American companies sell technology to the highest bidder.
Since the late? 1940s, the overall labor force participation rate
What will be an ideal response?