Use the following figures to answer the next question. Refer to the above figures with consumption schedules in figure (A) and saving schedules in figure (B), which correspond to each other across different levels of disposable income. If in figure (A), consumption increases along line A2, then in figure (B) there would be a
A. movement up along line B2.
B. shift from line B2 to B3.
C. shift from line B2 to B1.
D. movement down along line B2.
Answer: A
Economics
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ARCH and GARCH models are estimated using the
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If eight workers can manufacture 70 tables per day and nine workers can manufacture 90 tables per day,
a. the marginal product of hiring the ninth worker is 20 tables b. the marginal product of hiring the ninth worker is 10 tables c. the marginal revenue associated with the ninth worker is $90 if nine tables sell for $10 each d. there are diminishing marginal returns to labor, starting with the ninth worker e. average revenue is rising
Economics