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Author Question: Other things constant, when household time preferences ________, business investment tends to ... (Read 53 times)

craiczarry

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on: Jun 29, 2018
Other things constant, when household time preferences ________, business investment tends to ________.
 
  A) fall; fall
  B) fall; rise
  C) rise; fall
  D) rise; rise

Question 2

Suppose that the technology used to produce computers advances. How does this change affect the supply of computers and the supply curve of computers?
 
  What will be an ideal response?


scottmt

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

An advance in technology increases the supply of computers. Hence increases in technology shift the supply curve of computers rightward.


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