If consumer incomes go up and Harley Davidson motorcycles are a normal good, the effect on the demand for motorcycles, ceteris paribus, will be a(n):
a. upward movement along the demand curve for motorcycles.
b. downward movement along the demand curve for motorcycles.
c. rightward shift in the demand curve for motorcycles.
d. leftward shift in the demand curve for motorcycles.
c
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________ can trigger an expansion
A) An increase in autonomous expenditure B) A decrease in induced expenditure C) Equality between aggregate expenditure and real GDP D) A downward shift of the AE line E) A decrease in autonomous expenditure
Which of the following is true?
a. The incentives to engage in rent-seeking activities increase with the ease with which the political process can provide personal gain at the expense of others. b. The amount of resources devoted toward rent seeking generally has no impact on the economic prosperity of a nation. c. Income transfers directed toward the poor constitute about half of all income transfers in the United States. d. All of the above are correct.