If output per capita grows by a constant 6% per year, then the standard of living would grow by about ________ over 3 years

If disposable income decreases during a recession, there is

A) no change in consumption expenditures. B) movement upward along the consumption function. C) movement downward along the consumption function. D) an upward shift in the consumption function. E) a downward shift in the consumption function.

Suppose the rate of inflation in a country increases from 4% to 8% within a few months. This will cause: a. the demand curve for the currency to shift to the right

b. the demand curve for the currency to shift to the left. c. an upward movement along the demand curve for the currency. d. an upward movement along the supply curve for the currency.