We should expect the consumption function to shift downward if
a. real interest rates rise.
b. price levels fall.
c. consumers become more optimistic about future incomes.
d. consumers become more pessimistic about future incomes.
d
Economics
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Whenever U.S. government spending increases, thereby increasing the demand for real balances and the rate of interest, the currency will appreciate and there is a potential for:
A) overshooting. B) crowding out. C) a Republican backlash. D) recession.
Economics
An increase in the tax wedge associated with a given economic activity will decrease the level of that activity
Indicate whether the statement is true or false
Economics