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Can you please tell me if my answers are correct? 9. Suppose your consumption function shifts downward. This can be caused by if the consumption

Can you please tell me if my answers are correct?

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9. Suppose your consumption function shifts downward. This can be caused by if the consumption function shifts downward, which of the following is the most likely cause? a. An increase to your disposable income o b. A decrease in housing prices c. A decrease to the interest rate d. An increase to the price level 10. All industrialized countries have become "service economies." Which factor helps explain this shift? O a. The lack of competition in the service sector o b. The decline in the number of workers possessing the required skills for industrial production c. Information age and laborsaving innovation in manufacturing O d. Trade unionism and failure of the manufacturing sector to grow 11. Which of the following will most likely have the greatest effect on an individual's consumption function? a. A week of high overtime pay b. An inheritance paying a modest annual dividend o coA one-time tuition grant O d. Winning a small amount in the lottery 12. The "investment" component of aggregate demand will include all of the following except o, a. resales of existing physical assets. b. household spending on new homes. o c. expenditures of business firms on new plants. d. expenditures of business firms on new equipment. 13. According to the data on real U.S. GDP. a. economic growth has been slight, but downturns have also been eliminated. b. economic growth has been consistent, but with a few downturns. o c. economic growth has been extremely rapid, but also includes major collapses. o d. economic growth has been irregular, with some periods of downturns. 14. Aggregate demand is the sum of total domestic spending by the private sector. True False 15. The United States produces of what it consumes of what it produces. o a. most; little o , b. little; most c. most; most o d. little; little 16. Aggregate demand is defined as the total spending a. by all consumers, business firms, government agencies, and foreigners in the United States. o b. consumers, businesses, government agencies, and foreigners wish to make in one year. c. of consumers, businesses, and government agencies on final output. o d. of all consumers, business firms, government agencies, and foreigners on final goods and services produced in the United States

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