A movement along the consumption function is caused by a change in:
a. the price level.
b. autonomous consumption.
c. real disposable income.
d. the stock of durable goods.
c
Economics
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Anti-inflationary policy is less costly when that policy is anticipated in ________
A) traditional Keynesian theory B) new Keynesian theory C) real business cycle theory D) institutionalist theory
Economics
Assume that the price overestimates the value that society places on the flu vaccine. If firms produce where P = MC, firms will be producing ________ the socially efficient amount of flu vaccine.
A. more than B. less than C. exactly D. sometimes more than and sometimes less than
Economics