In Germany, expected future income increased during 2010. This ...

[Coya19@aol.com]

In Germany, expected future income increased during 2010. This increase led to
 
  A) a downward shift of the consumption function.
  B) an upward shift of the consumption function.
  C) a movement upward along the consumption function.
  D) no movement along the consumption function and no shift of the consumption function.
  E) a movement downward along the consumption function.

Question 2

Classical growth theory predicts
 
  A) a slowdown in population growth over time.
  B) sustained increases in economic growth in the long run.
  C) sustained increases in the standard of living in the long run.
  D) real GDP per person will remain at the subsistence level over time.
  E) the population growth rate slows as real GDP per person rises.

[Expo]

Answer to Question 1

B

Answer to Question 2

D

[Coya19@aol.com]

Correct answers!

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