« previous next »

Author Question: For a consumer bound by the collateral constraint, a reduction in the price of the collateral leads ... (Read 31 times)

Tazate

  • Hero Member
  • *****
  • Posts: 532
on: Jun 30, 2018
For a consumer bound by the collateral constraint, a reduction in the price of the collateral leads to
 
  A) nothing.
  B) an increase in current consumption and a decrease in future consumption.
  C) a decrease in current consumption and no change in future consumption.
  D) a decrease in current and future consumption.

Question 2

What is meant by real Gross Domestic Product? How do you think that you calculate a real statistic?
 
  What will be an ideal response?


ciecieme

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

Real Gross Domestic product measures total output in the U.S. adjusted for changes in the price level. The easiest way to calculate a real statistic is to use a constant set of prices across every year.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

Bacteria have flourished on the earth for over three billion years. They were the first life forms on the planet.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Alan Price - Poor People Alan Price - Poor People
Connect the leads of the meter to contacts 30 and 87 of the relay socket. The reading of 4.7 ... Connect the leads of the meter to contacts 30 and 87 of the relay socket. The reading of 4.7 ...
In a homogeneous enzyme immunoassay, antibody bound to the hapten conjugated to the enzyme prevents ... In a homogeneous enzyme immunoassay, antibody bound to the hapten conjugated to the enzyme prevents ...
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
Structure of the g complex bound to DNA Structure of the g complex bound to DNA
The net price of an article is $79.84. What is the list price if a discount of 23% was allowed? The net price of an article is $79.84. What is the list price if a discount of 23% was allowed?
Video: Wound Repair Animation

For a complete list of videos, visit our video library