The consumption function shows the relationship
A) between households' disposable income and their consumption spending.
B) between consumption spending and capital gains.
C) between government spending and tax collection.
D) between investment and rate of return.
A
Economics
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Recall the Application. The equilibrium price of pecans increased because the demand curve shifted
A) up and to the right. B) up and to the left. C) down and to the right. D) down and to the left.
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Refer to Figure 9-1. Suppose the government allows imports of leather footwear into the United States. What will be the domestic quantity supplied?
A) 5 units B) 10 units C) 15 units D) 20 units
Economics