Question 1
Monetary policy is less effective than it was in the past because
◦ investment has become less sensitive to interest rate changes.
◦ the substitution effect of an interest rate change on consumption has increased.
◦ the income effect of an interest rate change on consumption has increased.
◦ the government deficit has decreased.
Question 2
Which of the following is
true of a change in nonlabor income?
◦ There is no substitution effect because a change in nonlabor income does not change the trade-off between work and leisure.
◦ There is no income effect because a change in nonlabor income does not change the trade-off between work and leisure.
◦ There is no substitution effect because a change in nonlabor income does not change a household's permanent income.
◦ There is no income effect because a change in nonlabor income does not change a household's permanent income.
Elaboration Likelihood Model of Attitude Change
Desertification and Climate Change
Global climate change and CO2 concentration
The roots of climate change
Solow Model with Saving Dependent on Income Level
Consistency and Change in Personality Over the Lifespan