If the income elasticity for a particular good is 0.8, we would expect to see that good
a. taxed more often
b. consumed in wealthier countries
c. on supermarket shelves
d. consumed in high-income neighborhoods
e. consumed in low-income communities
A
Economics
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As a percent of GDP, the total U.S. federal debt has been declining since World War II
Indicate whether the statement is true or false
Economics
When the Federal Reserve sells a government security to a bond dealer, which transmits payment from a transactions deposit account at a bank
A) the cash of the Federal Reserve will decrease. B) the net worth of the commercial bank will decrease. C) the loans of the commercial bank will increase. D) the money supply will decrease.
Economics