Assuming that bus travel is an inferior good, an increase in consumer income, other things being equal, will cause a(n):
a. upward movement along the demand curve for bus travel.
b. downward movement along the demand curve for bus travel.
c. rightward shift in the demand curve for bus travel.
d. leftward shift in the demand curve for bus travel.
d
Economics
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Suppose that you lend $5,000 to a friend who pays you back $5,400 the next year. Suppose that prices that year rose by six percent and the real rate of return in the stock market was five percent
Your friend says that he or she was being more than fair by giving you more than the rate of inflation as a return. What do you think?
Economics
For the period 1947-2012, employment in the United States was
A) procyclical and leading. B) procyclical and lagging. C) countercyclical and leading. D) countercyclical and lagging.
Economics