Anything other than a change in the interest rate that decreases national saving shifts the supply of loanable funds to the left
a. True
b. False
Indicate whether the statement is true or false
True
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At any point above the current IS curve, there is an
A) excess demand for goods. B) excess supply of goods. C) excess demand for money. D) excess supply of money.
Capital is a good used in the production of goods that households consume
Indicate whether the statement is true or false
Because the seller of a used car has more information than the buyer:
A. the problem of bargaining imbalance occurs. B. the problem of adverse selection occurs. C. the problem of information overload occurs. D. the problem of moral hazard occurs.
The most important economic concept to consider when deciding whether to build your own deck or hire it done is
A. law of supply. B. specialization. C. opportunity cost. D. law of increasing cost.