A change in inflation leads to shifts of the ________ curves. ...

[mydiamond]

A change in inflation leads to shifts of the ________ curves.
 
  A) MP, IS, & AD
  B) MP & IS, but not AD
  C) IS & AD, but not MP
  D) MP, but not IS nor AD
  E) none of the above

Question 2

Consumption smoothing refers to
 
  A) the tendency of all consumers to choose the same amount of current consumption.
  B) the tendency of consumers to seek a consumption path over time that is smoother than income.
  C) the tendency of consumers to seek an income path over time that is smoother than consumption.
  D) consumer's concerns about going heavily into debt.

[Koolkid240]

Answer to Question 1

E

Answer to Question 2

B

[mydiamond]

Correct answers!

[Koolkid240]

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