John Maynard Keynes argued that if many households decide at the same time to increase saving and reduce spending
A) the economy will benefit in the short run and benefit by an even greater amount in the long run.
B) this will have a major negative impact on the economy in both the short run and in the long run.
C) this may benefit the economy in the long run, but could be counterproductive in the short run.
D) this may benefit the economy in the short run, but not in the long run.
C
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When wealth ________, saving supply ________, and the supply of loanable funds curve shifts ________
A) increases; increases; rightward B) decreases; decreases; leftward C) increases; increases; leftward D) increases; decreases; leftward E) decreases; decreases; rightward
In 2008, Agriculture Secretary Ed Schafer announced that Chile's Livestock and Agricultural Service approved the U.S. inspection, control and certification systems for poultry, allowing these products to enter the Chilean market
What is NOT an effect of this change in Chilean policy on the Chilean poultry market? A) Chile's tariff revenue will increase. B) The quantity of poultry consumed in Chile will increase. C) The quantity of Chilean imports will increase. D) The price for poultry in Chile will decrease.