Which of the following likely occurs when households and firms become more pessimistic?
a. increased spending
b. increased aggregate demand
c. increased real GDP
d. an increase in the unemployment rate
d
Economics
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In Figure 11.1, a decrease in the marginal propensity to save is represented by a change in the consumption function from
A) C1 to C3. B) C3 to C1. C) C2 to C1. D) C1 to C2.
Economics
In 1979, under the ERM, the member countries were pegged to the ECU, with a ______ band of fluctuation allowed.
A) 2.5% B) 2.25% C) 1% D) 10%
Economics