An increase in disposable income will increase the consumption function. This is because the consumption function is the sum of autonomous consumption...Become a member and unlock all Study Answers Start today. Try it now Create an account Ask a question Our experts can answer your to...
Answer to: An increase in a consumer's income will even increase the demand for an inferior good. True False By signing up, you'll get thousands...
What is the change in the unemployment rate when real GDP is constant? b. How much does the unemployment rate increase when there is a 1 percent increase in real GDP? 11.2 The Fed's stock valuation model says that the earnings/price ratio E/P is related to the interest rate R on 10...
Intuitively, an improvement in the terms of trade means, grosso modo, an increase in the real income for the country. A greater income implies more consumption, therefore an increase in the relative price of nontradables to rebalance the market of this good. Notice that, since we assume the...
B、is an increasing function of disposable income and an increasing function of the real exchange rate. 翻译结果4复制译文编辑译文朗读译文返回顶部 B , is an increasing function of disposable income and an increasing function of the real exchange rate. ...
To increase confidence, China steps up building its own philosophy While China is increasingly confident in its dazzling economic growth in past decades, the country is placing urgency on building more basic and lasting confidence -- to generate its own great minds in philosophy and social sciences...
The nature of AZO’s demand is countercyclical – as the economic growth weakens, unemployment rises, real disposable wages decline – hence, consumers push back new car purchases during an economic downturn. As a result, used car numbers will increase after a recession which leads to more custo...
In addition, we go all out to convert our internet users into financial customers, and increase the number of products held by each financial customer and the profit per customer. Over time, our customer retention rate will be higher, and our agents and front-line teams will have better ...
People living in Michigan are also enjoying an increase in their incomes. The unemployment rate keeps falling, having registered 8.6% in the 3rd quarter of 2020. Compared to other states, Michigan falls among the top 20 largest economies in the United States. More workers keep joining the labor...
In Hume’s spirit, I will attempt to serve as an ambassador from my world of economics, and help in “finding topics of conversation fit for the entertainment of rational creatures.” In Hume’s spirit, I will attempt to serve as an ambassador from my wo