Suppose autonomous consumption decreases. This reduction in autonomous consumption will cause which of the following to occur?
A) The consumption function shifts down.
B) The consumption function shifts up.
C) The consumption function becomes steeper.
D) The consumption function becomes less steep.
A
Economics
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Consider the two economies of Lithasia and Barylia. Economic agents in Lithasia have coordination and incentive problems, while in Barylia social surplus is maximized
Which economic system does each of these economies most likely have? Explain your answer.
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The most competitive industry is one that has
A. price leadership. B. open collusion. C. covert collusion. D. a cartel.
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