In 2008, the many people became unable to make payments on their mortgages and instead defaulted on them. As a result, the ________ of loanable funds curve shifts ________ and real interest rate ________
A) supply; leftward; increases
B) demand; leftward; increases.
C) supply; rightward; falls.
D) demand; rightward; decreases.
A
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In a three-player game, a Nash equilibrium exists when all players are playing their best response to one another
Indicate whether the statement is true or false
____ make(s) it difficult for an oligopoly to maintain a cooperative outcome with low production, high prices, and monopoly profits
a. Self-interest b. Incentives to cheat c. Government antitrust policy and regulation d. All of the above
The main reason economists are concerned about the problem of idle or unemployed resources is that: a. high rates of crime are related to high rates of unemployment
b. high rates of inflation are caused by idle land, labor, and capital resources. c. government benefits paid to unemployed workers put stress on the federal budget. d. unemployed resources mean less production and a lower standard of living for the nation.
Charles Murray would
A. provide government jobs for everyone who is ready, willing, and able to work. B. scrap the entire federal welfare and income-support structure for working-aged persons. C. introduce the negative income tax. D. do none of these things.