Firms that are required to participate in affirmative action programs do end up hiring more minority employees

Which of the following events would produce an upward shift in the consumption function, other things being equal?

a. An increase in consumer wealth. b. A decrease in consumer wealth. c. A decrease in autonomous consumption. d. None of these.

Refer to the graph below. An expansion of the economy's production possibilities can, by itself:

A. Never cause inflation
B. Never cause price level to fall
C. Cause a decrease in real output
D. Cause a decrease in employment level