All of the following will shift the consumption function EXCEPT
A) a change in income.
B) a change in wealth.
C) a change in the rate of interest.
D) a change in expectations concerning economic conditions.
A
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In the short run, which one of the following causes a competitive firm to hire more labor?
A) an increase in wage rate B) an increase in the output price C) a specific tax imposed on the firm's output D) a decrease in the output price
Which of the following will happen if the supply of loans increases?
A. The interest rate will rise, and the quantity of money borrowed will decline. B. The interest rate will fall, and the quantity of money borrowed will increase. C. The interest rate will fall, and the quantity of money borrowed will decline. D. The interest rate will rise, and the quantity of money borrowed will increase.