Supply-side economists believe that changes in government purchases affect
a. only aggregate demand.
b. only aggregate supply.
c. both aggregate demand and aggregate supply.
d. neither aggregate demand nor aggregate supply.
c
Economics
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Georgine buys more sweaters when her income increases. For Georgine, sweaters are
A) a substitute. B) a complement. C) an inferior good. D) a normal good.
Economics
If an individual's budget constraint shifts, the individual's changes in consumption can be broken down into _____ and _____ effects
a. budget; consumption b. income; substitution c. utility; indifference d. wealth; savings
Economics