When disposable income increases,
A) the consumption function shifts downward.
B) there is a movement downward along the consumption function, but the consumption function does not shift.
C) there is no movement along the consumption function, and the consumption function does not shift.
D) the consumption function shifts upward.
E) there is a movement upward along the consumption function, but the consumption function does not shift.
E
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The Japanese real interest rate declines relative to the German real interest rate. German net exports ________ and the German exchange rate ________
A) increase; rises B) increase; falls C) decrease; rises D) decrease; falls
What is the approximate price of a $10,000 coupon bond that pays $1,000 in one year and $1,000 in two years at maturity? The effective yield on the bond is 6 percent
A) $10,000 B) $10,730 C) $10,900 D) $12,000