Prices ration goods to
A) the people who most deserve it.
B) the people with the lowest opportunity cost of time.
C) the people willing and able to pay the highest price.
D) the richest people.
C
Economics
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In the four-part diagram used to construct the IS curve, a decrease in the interest rate causes
A) an increase in Ap and induced saving but does not shift the IS curve. B) an increase in Ap and induced saving and shifts the IS curve to the right. C) a decrease in Ap, an increase in induced saving, and shifts the IS curve to the right. D) a decrease in Ap and a decrease in induced saving, but does not shift the IS curve.
Economics
The quantity theory assumes that
a. velocity is constant. b. income is constant. c. prices are constant. d. transactions are constant.
Economics