Author Question: If a good is a normal good, an increase in income will A) decrease the quantity demanded of the ... (Read 141 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?

The average older adult in the United States takes five prescription drugs per day. Half of these drugs contain a sedative. Alcohol should therefore be avoided by most senior citizens because of the dangerous interactions between alcohol and sedatives.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

Medications that are definitely not safe to take when breastfeeding include radioactive drugs, antimetabolites, some cancer (chemotherapy) agents, bromocriptine, ergotamine, methotrexate, and cyclosporine.

For a complete list of videos, visit our video library