As an household's wealth increases, it will experience a(n):
a. increase in its MPC.
b. decrease in autonomous consumption.
c. decrease in its MPS.
d. increase in autonomous consumption.
e. increase in autonomous saving.
d
Economics
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Higher interest rates increase both consumption and investment spending
Indicate whether the statement is true or false
Economics
The American Bar Association administers the bar examinations that prospective lawyers must pass before being allowed to practice law. The exam system thus allows the ABA to act like a
a. monopsony. b. union that can restrict the supply of lawyers. c. union that can increase the number of lawyers. d. None of the above is correct.
Economics