An increase in spending in an economy will cause a multiplied increase in gross domestic product because
A) government spending is greater than zero
B) investment is greater than zero
C) investment increases as income decreases
D) consumption increases as income increases
E) taxes increase as income increases
Ans: D) consumption increases as income increases
Economics
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Describe the field of economics known as microeconomics
What will be an ideal response?
Economics
Suppose the actual unemployment rate increases. This will cause
A) an upward shift in the WS curve. B) a downward shift in the WS curve. C) an upward shift in the PS curve. D) a movement along the WS and the PS curves. E) none of the above
Economics