Which one of these is not a characteristic of capitalism?

A. Central planning
B. Private property
C. The price mechanism
D. Competition

A. Central planning

Economics

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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.

Economics

Define the average tax rate

Economics