Which of the following shifts the entire consumption function upwards?
A) a decrease in the value of consumer durables B) an increase in consumer wealth
C) a decrease in consumer confidence D) an increase in income
B
Economics
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An increase in the discount rate ________ bank reserves and ________ the money supply if banks respond appropriately to the change in the rate
A) increases; decreases B) decreases; decreases C) decreases; increases D) increases; increases
Economics
Do people make decisions on the basis of the nominal interest rate or the real interest rate? What is the relationship between the two interest rates?
What will be an ideal response?
Economics