D disposable personal income theory of consumption

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d. disposable personal income theory of consumption. Feedback The correct answer is: permanent income hypothesis.
Question 5 Correct Question text An example of a normative statement is:
Select one:
Question 6 Correct Question text According to the international trade effect, holding everything else unchanged, Select one:
Question 7 Correct Question text Over time, _____ has/have been the general trend for most economies. Select one:
Question 8 Correct Question text The price of eggs might go up because: Select one: a. of an increase in the price of bacon. b. the price of chicken feed increased. c. the supply of eggs increased. d. the demand for eggs fell. Feedback The correct answer is: the price of chicken feed increased.
Question 9 Correct Question text Assuming a constant level of nominal income, the real income of an individual rises: Select one:
Question 10 Correct Question text What is the difference between a change in aggregate demand and a change in aggregate quantity of real GDP demanded? Select one:
quantity of real GDP demanded is represented by a shift of the aggregate supply curve in response to a change in a component of aggregate demand. b. A change in aggregate demand is represented by a shift of the aggregate demand curve in response to a change in the actual price level while a change in aggregate quantity of real GDP demanded is represented by a movement along the aggregate demand curve in response to a change in the expected price level.

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