Why is it important that consumers respond differently to temporary and permanent increases in their incomes?
A) This implies that consumption will be highly sensitive to temporary changes in income.
B) This implies that a temporary tax cut will have a larger effect than a permanent one on current consumption.
C) this tells us that the timing of income increases for consumers is irrelevant.
D) this has implications for the relative effects of temporary and permanent tax cuts.
Question 2
According to liquidity preference theory, an increase in the price level would ________.
A) increase the demand for real money balances
B) decrease the supply of real money balances
C) decrease the real interest rate
D) all of the above
E) none of the above
It is important for new employees to know the location of all fire extinguishers. (B) Aim low toward ...
Temporary and permanent pacemakers.
Permanent Gases of the Atmosphere
Proteins play an important role in keeping your skin healthy and your nails strong
Dad is important to me
My dad is important to me