Which of the following types of expenditure is most likely NOT determined by an accelerator model?
A) consumer durable spending
B) inventory investment
C) residential housing construction
D) consumer spending on food
D
Economics
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The demand for money ________ when the ________
A) increases; nominal interest rate increases B) decreases; price level increases C) increases; supply of money decreases D) remains constant; price level increases E) increases; price level increases
Economics
The figure above shows the market for airline tickets. If airline tickets are a normal good, then the recession in 2008 that caused people's incomes to decrease lead to a shift from
A) D0 to D1. B) D1 to D0. C) S0 to S1. D) S1 to S0.
Economics