An increase in the quantity demanded of a good is most often due to:
a. current prices.
b. higher prices.
c. higher income.
d. lower prices.
e. technological change.
d
Economics
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When income levels in the home nation increase, what is the effect on the home TB?
a. It decreases because of expenditure switching. b. It decreases because of an increase in imports. c. It increases because of an increase in exports. d. It increases because of expenditure switching.
Economics
The falling phase of a business cycle measured by a decrease in real GDP is called:
A) hyperinflation. B) expansion. C) recession. D) peak.
Economics