A normal good is a good for which the demand increases as income decreases, holding everything else constant

Indicate whether the statement is true or false

FALSE

Economics

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Supply-side economics

a. was the policy prescriptions President Clinton used to create budget surpluses b. challenged the views on taxes held by President Bush's (1988–92) chief economic adviser, Arthur Laffer c. was popularized as Reaganomics during President Reagan's administrations d. challenged the view that supply creates its own demand e. advocates crowding out to curb government spending

Economics

The income-expenditure multiplier is the effect of a one-unit increase in:

A. after-tax disposable income on consumption. B. expenditure on potential output. C. after-tax disposable income on short-run equilibrium output. D. expenditure on short-run equilibrium output.

Economics