At a fixed income level, an increase in consumption which is accompanied by a decrease in savings is reflected by
A) an upward rotation of the consumption function.
B) an upward shift of the consumption function.
C) a movement up along the consumption function.
D) a downward rotation of the consumption function.
B
Economics
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Stagflation occurs when
A) inflation rises and GDP falls. B) inflation falls and GDP falls. C) inflation rises and GDP rises. D) inflation falls and GDP rises.
Economics
In the economic literature on principal-agent problems, the ________ is the person who takes some action, and the ________ is the person whom the action affects
A) agent, principal B) principal, agent C) Both statements describe the agent. D) Both statements describe the principal.
Economics