When the price of a good increases, all else equal, the higher price
a. reduces the consumer's set of buying opportunities.
b. leads to a parallel shift of the budget constraint.
c. will necessarily lead to an increase in the consumption of goods whose price did not change.
d. generally discourages the consumption of inferior goods.
a
Economics
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If the money supply in an economy is $100,000, currency in circulation is $50,000, amount in savings accounts is $18,000, travelers' checks is $12,000, and the amount in money market accounts is $9,000,
then what is the amount held in checking accounts in the economy?
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If future total factor productivity increases
A) labor demand increases. B) government expenses increase. C) consumption demand decreases. D) investment demand increases.
Economics