The incentive to lend increases as the real rate of interest decreases.
Answer the following statement true (T) or false (F)
False
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The classical model predicts that, in the short-run, a tax cut financed by an increase in the money supply would
a. leave output and the price level unchanged. b. increase the price level but leave output unchanged. c. increase output but and reduce the price level. d. increase output and the price level by increasing aggregate demand. e. None of the above.
Markets can efficiently handle irreversible decisions without involvement of government
a. True b. False Indicate whether the statement is true or false
Comparative advantage matters most in determining the efficient distribution of production over the world
a. True b. False Indicate whether the statement is true or false
Jessica's marginal cost for producing a pitcher of lemonade is $0.25. Therefore, $0.25 is her:
A. reservation price. B. producers surplus. C. marginal revenue. D. equilibrium price.