« previous next »

Author Question: For a normal good, an increase in consumer income will lead to I. a movement down the demand curve ... (Read 87 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?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

A theoretical photosynthetic response curve. A theoretical photosynthetic response curve.
Sickled and normal red blood cells Sickled and normal red blood cells
Pulmonary function test: spirometry. (a) Normal respiratory volumes, as measured during spirometry. Pulmonary function test: spirometry. (a) Normal respiratory volumes, as measured during spirometry.
Older Adults Benefit from Good Nutrition and Physical Activity Older adults Older Adults Benefit from Good Nutrition and Physical Activity Older adults
Two normal frequency distributions with the same mean but different amounts of variation Two normal frequency distributions with the same mean but different amounts of variation
MRI scans of normal elderly person compared to one with Alzheimer's MRI scans of normal elderly person compared to one with Alzheimer's
Video: What Are Carbohydrates? Importance of Carbs & High Carb Food

For a complete list of videos, visit our video library