The effects of increased inflationary expectations is depicted in a(n)
a. upward shift in the investment curve
b. downward shift in the investment curve
c. upward shift in the consumption curve
d. downward shift in the consumption curve
e. move to the right along an existing consumption curve
C
Economics
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A nation's economic growth is more rapid when
A) special interest groups acquire the political power to restrict competition. B) capital resources are devoted to their most efficient use. C) there are barriers to establishing legal ownership of capital resources. D) scarce resources are made available for all citizens free of charge.
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What is the law of comparative advantage, and why is it important in international trade?
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