For a market to be considered perfectly competitive, there should be a minimum of 1,000 firms

Which of the following statements is FALSE?

A) An increase in income causes an increase in the demand for a normal good. B) An increase in income causes a decrease in the demand for an inferior good. C) A decrease in income causes the demand curve for a normal good to shift to the left. D) An increase in income causes the demand curve for an inferior good to shift to the right.

What are the two types of discretionary fiscal policy?

A) automatic and expansionary B) expansionary and contractionary C) expansionary and recessionary D) automatic and contractionary