The ________ curve has a positive slope because as prices of final goods and services rise, prices of inputs rise more slowly

If consumers experience an increase in lifetime income, current spending will ________, current saving will ________, and future spending will ________

A) increase; increase; increase B) increase; decrease; decrease C) increase; decrease; increase D) increase; increase; decrease E) decrease; increase; increase

A small open economy would typically enjoy a higher trade balance if, in the domestic economy, ________

A) autonomous consumption expenditures decrease B) taxes go up C) government spending decreases D) all of the above E) none of the above