A supply curve slopes upward because quantity supplied is higher when price is higher.

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.

Eurobank spreads exceed U.S. spreads

Indicate whether the statement is true or false