Consumer debt increases. What is the impact on aggregate expenditures and income?
A) Both increase.
B) Both decrease.
C) Aggregate expenditure increases and income decreases.
D) Aggregate expenditure decreases and income increases.
B
Economics
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One difficulty with the idea of comparable worth is that
a. it does not address the idea of compensating wage differentials b. it would reduce the federal budget deficit c. it would cause aggregate wages to fall d. a government agency cannot accurately evaluate the many different characteristics of jobs e. it would not take into account differences in the supply of labor among firms
Economics
The long-run Phillips curve is downward-sloping
a. True b. False
Economics