If a resource is in fact becoming scarcer, then one should expect
a. the price of the resource to rise.
b. less demand for the resource as people try to conserve.
c. greater supply as people reduce inventories before it is all gone.
d. all of the above.
a
Economics
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In the Keynesian cross diagram, a decline in autonomous consumer expenditure causes the aggregate demand function to shift ________, the equilibrium level of aggregate output to fall, and the IS curve to shift to the ________,
everything else held constant. A) up; left B) up; right C) down; left D) down; right
Economics
The second stage in the regulatory process is
A) a crisis. B) regulation. C) response by the financial system. D) regulatory response.
Economics