When changes in the price level cause changes in the interest rate and, thus, changes in aggregate output demanded, we call this effect
A) the multiplier effect.
B) the real wealth effect.
C) the real income effect.
D) the consumption link
Answer: D) the consumption link
Economics
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For an increasing cost industry, the long-run supply curve has a(n) _____ elasticity of supply
a. infinite b. negative c. positive d. zero
Economics
Ways to "game" the budgeting process include
a. delaying sales if just short of a target b. accelerating expenses if just short of a target c. delaying sales once a target is met d. delaying expenses costs once a target is met
Economics