« previous next »

Author Question: For a normal good, an increase in consumer income will lead to I. a movement down the demand curve ... (Read 76 times)

xroflmao

  • Hero Member
  • *****
  • Posts: 515
on: Jun 29, 2018
For a normal good, an increase in consumer income will lead to I. a movement down the demand curve II. a rightward shift in the demand curve III. a reduction in supply
 
  A) I only
  B) II only
  C) III only
  D) Both II and III

Question 2

According to the classical model, more saving leads to more investment because
 
  A) the people who save are the same people who invest.
  B) the interest rate adjusts to keep investment equal to saving.
  C) saving and investment are two sides of the same activity.
  D) the interest rate is set by the federal government.


mmj22343

  • Sr. Member
  • ****
  • Posts: 297
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

Types of movement across a biological membrane. Types of movement across a biological membrane.
An Oil-dependent World— Supply and Demand Driven An Oil-dependent World— Supply and Demand Driven
When using forearm pressure on the top of the shoulder, push with your back foot to increase your ... When using forearm pressure on the top of the shoulder, push with your back foot to increase your ...
Race-Ethnicity and Income Extremes Race-Ethnicity and Income Extremes
An Environmental Kuznets Curve An Environmental Kuznets Curve
The time at which the mailman delivers the mail to Ace Bike Shop follows a normal distribution ... The time at which the mailman delivers the mail to Ace Bike Shop follows a normal distribution ...
Video: Gastroesophageal Reflux Disease (GERD)

For a complete list of videos, visit our video library