In an effort to balance the budget, the government cuts spending rather than increasing taxes. What will happen to the consumption schedule?
a. It will become steeper.
b. It will become flatter.
c. It will shift upward.
d. It will shift downward.
e. It will remain the same and move along it.
d
Economics
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Consider the above figure. At a price level of 150
A) total planned production exceeds total planned real expenditures. B) total planned real expenditures exceed total planned real production. C) the price level would rise. D) inventories of unsold goods decline.
Economics
Alberto purchases ten cups of coffee a week. The amount of money that he holds to purchase ten cups of coffee is the
A) asset demand for money. B) precautionary demand for money. C) money balance demand for money. D) transactions demand for money.
Economics