If Americans became more pessimistic about the economy, what would happen to the consumption-income line?
a. A rightward movement along the line
b. A leftward movement along the line
c. The entire line would shift upward
d. The entire line would shift downward
e. The entire line would shift downward and there would be a rightward movement along the new line
D
Economics
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Institution that is established to benefit society and is operated like a business:
a. trade association b. nonprofit organization c. producer cooperative d. limited partnership
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Use the above figure. Total cost at the profit-maximizing output is closet to
A) $6,600. B) $9,600. C) $4,800. D) $8,000.
Economics