What could be a reason for a falling inflation rate?
a. Consumer optimism
b. A negative spending shock
c. Unemployment is below the natural rate
d. An increase in oil prices
e. A sudden increase in investment spending
B
Economics
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A curve that describes the relationship between the price of a good and the amount a particular consumer purchases (holding the consumer's income, preferences and all other prices fixed) is called:
A. a price-consumption curve. B. an individual demand curve. C. an income-consumption curve. D. a budget line.
Economics
To think at the margin means to consider:
A. how nothing remains constant over time. B. how a small change in one variable affects another variable. C. how people behave in their own self-interest. D. how people will decide what to purchase.
Economics