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Author Question: Refer to Figure 13-1. Ceteris paribus, an increase in households' expectations of their future ... (Read 54 times)

Capo

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on: Jun 29, 2018
Refer to Figure 13-1. Ceteris paribus, an increase in households' expectations of their future income would be represented by a movement from
 
  A) AD1 to AD2. B) AD2 to AD1. C) point A to point B. D) point B to point A.

Question 2

At market equilibrium,
 
  A) quantity demanded equals quantity supplied. B) shortages are greater than surpluses.
  C) surpluses are greater than shortages. D) demand equals supply.


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jliusyl

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

A

Answer to Question 2

A


Capo

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

bulacsom

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Reply 3 on: Yesterday
Excellent

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