The recession of 2008-2009 demonstrated that ________
A) consumption is especially sensitive to changes in the retirement age
B) changes in wealth can be a major source of fluctuations in consumption
C) as consumers get older, they tend to exhaust all their savings
D) permanent income is something of a misnomer
B
Economics
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Assuming all else equal, the credit supply curve shows the relationship between the quantity of credit supplied and the:
A) real wage rate. B) real interest rate. C) income tax rate. D) inflation rate.
Economics
Holding everything else constant, a decrease in the price of bicycles will result in
A) an increase in the demand for bicycles. B) a decrease in the supply of bicycles. C) a decrease in the quantity of bicycles demanded. D) an increase in the quantity of bicycles demanded.
Economics