Expectations that the price level will decrease in the future will _____
a. make the current consumption function flatter
b. shift the current consumption function downward
c. result in an upward movement along the current consumption function
d. result in a downward movement along the current consumption function
e. make the current consumption function steeper
b
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One problem with conflicts of interest is that they can reduce the ________ in financial markets, thereby increasing ________
A) quantity of information; financial institutions' profits B) quantity of information; asymmetric information C) quality of information; asymmetric information D) quality of information; financial institutions' profits
Recessions occur at irregular intervals and are almost impossible to predict with much accuracy
a. True b. False Indicate whether the statement is true or false