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Author Question: When income increases, the demand curve for an inferior good A) shifts to the right. B) shifts ... (Read 286 times)

chads108

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on: Jun 29, 2018
When income increases, the demand curve for an inferior good
 
  A) shifts to the right.
  B) shifts to the left.
  C) moves up along the demand curve for the product.
  D) remains constant.

Question 2

Explain how deficit spending can benefit future generations.
 
  What will be an ideal response?


jgranad15

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

B

Answer to Question 2

If the rate of return on borrowed funds is higher than the interest to be paid to foreign residents, future generations can be made better off.


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