A decrease in the price level will _____
a. shift the consumption function upward
b. shift the consumption function upward
c. result in an upward movement along the consumption function
d. result in a downward movement along the consumption function
e. shift the consumption function downward
a
Economics
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Which of the following occurs in the long run neoclassical growth model without technological change?
A. Capital deepening ceases. B. Real wages stop growing. C. The return to capital is constant. D. Real interest rates are constant. E. All of the above.
Economics
Refer to Table 2-5. If the two countries specialize and trade, who should export lumber?
A) They should both be exporting lumber. B) Finland C) There is no basis for trade between the two countries. D) Estonia
Economics