Which of the following will shift the consumption function upward?
A. a tax increase
B. expectations of inflation
C. higher disposable income
D. lower wealth holdings
Answer: B
Economics
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The children of indentured females were not the property of the master or owner of the indentured servant. This was an important difference between indentured servants and slaves
Indicate whether the statement is true or false
Economics
If consumer purchases of a good are highly sensitive to the price of the good, economists say the demand for the good is relatively
a. inelastic. b. elastic. c. robust. d. inverse.
Economics