One of President Obama's first fiscal policy initiatives was
a. ARRA.
b. TARP

If the interest rate increases, then the:

a. economy will move to a new point along the existing consumption function. b. consumption function will shift up. c. consumption function will shift down. d. investment demand curve will shift up. e. economy will move to a new point along the existing investment demand curve.

The law of demand states that

A) consumers will exhaust their incomes as they purchase goods and services at given absolute prices. B) the quantity demanded of a good is higher at a lower relative price than at a higher relative price. C) there is a direct positive relationship between relative price and quantity demanded. D) if the price of a good increases both relatively and absolutely, there will be no change in quantity demanded.