Author Question: For a normal good, an increase in consumer income will lead to I. a movement down the demand curve ... (Read 86 times)

xroflmao · **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 · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

B

Answer to Question 2

B

Author Question: For a normal good, an increase in consumer income will lead to I. a movement down the demand curve ... (Read 86 times)

xroflmao

For a normal good, an increase in consumer income will lead to I. a movement down the demand curve ...

mmj22343

For a normal good, an increase in consumer income will lead to I. a movement down the demand curve ...

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