Under the gold standard of a century ago, the world's commerce
a. nearly collapsed before the beginning of World War I.
b. was at the mercy of gold discoveries.
c. grew steadily without interruption from monetary disturbances.
d. grew when the gold stock grew slowly, and shrank when gold discoveries increased.
b
Economics
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Which of the following will shift the consumption function upward?
a. A decrease in stock prices b. An increase in stock prices c. A higher price level d. A lower disposable income e. A higher disposable income
Economics
If Congress instituted an investment tax credit, the interest rate would
a. rise and saving would rise. b. fall and saving would fall. c. rise and saving would fall. d. fall and saving would rise.
Economics