Author Question: If a good is a normal good, an increase in income will A) decrease the quantity demanded of the ... (Read 143 times)

SAVANNAHHOOPER23

  • Hero Member
  • *****
  • Posts: 542
If a good is a normal good, an increase in income will
 
  A) decrease the quantity demanded of the good.
  B) increase the demand for the good.
  C) cause the demand curve for the good to shift to the left.
  D) cause a movement down along the demand curve.

Question 2

A major contributor to a country's real rate of economic growth is its real GDP growth relative to its
 
  A) inflation.
  B) unemployment rate.
  C) money growth.
  D) none of the above.



macagnavarro

  • Sr. Member
  • ****
  • Posts: 334
Answer to Question 1

B

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Atropine was named after the Greek goddess Atropos, the oldest and ugliest of the three sisters known as the Fates, who controlled the destiny of men.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

For a complete list of videos, visit our video library