If nonmarket work is a normal good, then an increase in income __________ the time allocated to __________

Which of the following is a result of a market economy?

A) voluntary exchange B) an equal income distribution C) agreement on equity D) environmental protection

In the recent Global Economic Crisis, all of the following are causes that pushed the IS curve to the left EXCEPT

A) the negative wealth effect from the collapse of the housing bubble. B) the end of cash-out mortgage refinancing. C) growing unwillingness of banks and nonbank financial institutions to grant loan. D) slow and minimal response of the U.S. government.