A movement along the consumption function is caused by a change in:

a. consumption.
b. expectations.
c. aggregate supply.
d. disposable income.

d

Economics

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Under the right circumstances, what resource could be used in the production of gasoline?

A) Rosary beads B) A telephone operator C) Olive oil D) Computers E) All of the above.

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Suppose Stan transfers $1,000 from his savings account into his checking account. What are the effects on M1 and M2 money supply?

A) M1 increases; M2 remains the same. B) M1 decreases; M2 increases. C) Both M1 and M2 increase. D) Both M1 and M2 decrease. E) Both M1 and M2 remain the same.

Economics