If an Economist Wants to Make a Prediction About the Effects

question 38

Multiple Choice

If an economist wants to make a prediction about the effects of a change in disposable income on the change in consumption spending based on historical data, she must assume that

• A)the future will closely resemble the past.
• B)consumption and disposable income will be negatively related.
• C)the consumption function will have a downward slope.
• D)as disposable income increases, consumer spending will remain constant.

---

Definitions:

Major Organic Product

In organic chemistry reactions, this term specifies the predominant product formed from the reactants, accounting for the greatest yield among all products.

Major Organic Product

The principal substance formed with the most significant yield in an organic chemistry reaction.

Reaction

A process in which substances, called reactants, transform into different substances known as products.

Organic Chemistry

The study of carbon-containing compounds, their properties, synthesis, and reactions.