As a household's disposable income increases, its autonomous expenditures ________ and its induced expenditures ________
A) increase; do not change
B) decrease; do not change
C) increase; increase by a smaller amount than the increase in income
D) do not change; increase by an amount equal to the increase in income
E) do not change; increase by a smaller amount than the increase in income
E
Economics
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For a country to successfully maintain a fixed exchange rate value of its currency relative to another currency (for example, as is done when currencies are unified or pegged), it must
a. maintain a relatively high rate of inflation. b. balance the government budget each year. c. give up the independence of its monetary policy. d. run a trade deficit.
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What level of daily income is the World Bank's measure of extreme poverty?
A. $1.00 B. $1.90 C. $2.25 D. $3.00
Economics