A decrease in disposable income causes a shift in the consumption function.
Answer the following statement true (T) or false (F)
False
Economics
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"Government should act to reduce poverty levels."
A) This statement is a normative statement. B) This statement is a positive statement. C) This statement is an example of the fallacy of composition. D) This statement is an example of the post hoc fallacy.
Economics
In a typical business cycle, what stage immediately follows a peak?
(A) Contraction (B) Expansion (C) Growth (D) Trough
Economics