If a country increases its basic literacy rates, it will impact its economy by

Which of the following will shift the aggregate demand curve to the left, ceteris paribus?

A) an increase in disposable income B) an increase in expected profits for firms C) an increase in net exports D) an increase in interest rates

The income elasticity of demand for shoes is estimated to be 1.50 . We can conclude that shoes:

a. have a relatively steep demand curve. b. have a relatively flat demand curve c. are a normal good. d. are an inferior good.