The derived demand curve for a resource is downward sloping because
a. the demand for products that utilize the resource is directly related to the price of the resource.
b. the marginal productivity of resources will decline as their price increases.
c. as the price of a resource rises, other resources will be less desirable than the higher priced resource.
d. other resources will be substituted for a resource that increases in price.
D
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A) 2 percent B) 33 percent C) 40 percent D) 50 percent
What three factors did Keynes identify that affect consumption expenditures?
a. Disposable income, expected future income, and wealth or credit b. Total income, expected future income, and wealth or credit c. Disposable income, inflation rate, and wealth or credit d. Total income, expected future income, and inflation rate
Proponents of rational expectations argue that failing to account for peoples' revised inflation expectations led to estimates of the sacrifice ratio that were too high
a. True b. False Indicate whether the statement is true or false
_____ and _____ are the two most important financial intermediaries
Fill in the blank(s) with correct word