During an Economic Expansion Due to an Increase in Technology

question 23

Multiple Choice

During an economic expansion due to an increase in technology, A, consumption will:

• A)tend to rise due to the income effect.
• B)may rise or fall depending on whether the income effect is greater than the substitution effect or not.
• C)tend to fall due to the intertemporal substitution effect of the interest rate rising.
• D)all of the above.

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Definitions:

Homologous Pairs

Pairs of chromosomes, one inherited from each parent, that contain the same genes at the same loci but may have different alleles.

Karyotypes

The complete set of chromosomes in an individual organism's cell, used for studying chromosome anomalies.

Genomes

The complete set of genes or genetic material present in a cell or organism.

Allelic Variant

A version of a gene at the same locus (position) on a chromosome that differs in sequence or expression from other versions.