Commodity speculators persuade people to start economizing in their consumption of a good as soon as the speculators foresee an increased future scarcity by causing
A) futures prices, expected future prices, and current prices to fall.
B) futures prices, expected future prices, and current prices to rise.
C) futures prices and expected future prices to fall and current prices to rise.
D) futures prices to rise, expected future prices to fall, and current prices to rise.
E) futures prices and expected future prices to rise and current prices to fall.
B
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When disposable income increases,
A) the consumption function shifts downward. B) there is a movement downward along the consumption function, but the consumption function does not shift. C) there is no movement along the consumption function, and the consumption function does not shift. D) the consumption function shifts upward. E) there is a movement upward along the consumption function, but the consumption function does not shift.
When stock prices become more volatile, the ________ curve for gold shifts right and gold prices ________, everything else held constant
A) demand; increase B) demand; decrease C) supply; increase D) supply; decrease