A decrease in the price of a product and an increase in the number of buyers in the market affect the demand curve in the same general way

According to the life-cycle hypothesis ________

A) households consume on the basis of their current income and liabilities B) household consumption as a percentage of income varies over one's lifetime C) current income is a function of future income D) cycling to work everyday allows one to live a longer life

Under the Bretton Woods system, devaluation was

A. normal. B. routine. C. rare. D. a last resort.