Which of the following is an accurate statement concerning an expansionary monetary policy?
a. Spending and borrowing will decrease because interest rates have increased.
b. Spending and borrowing will increase because interest rates have increased.
c. Spending and borrowing will decrease because interest rates have decreased.
d. Spending and borrowing will increase because interest rates have decreased.
d. Spending and borrowing will increase because interest rates have decreased.
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Contract negotiations between an employer and a labor union representing workers are referred to as:
A) collective bargaining. B) contractualization of employment. C) treaties. D) crowding out.
At macroeconomic equilibrium
A) total taxes equal total transfers. B) total consumption equals total production. C) total investment equals total inventories. D) total spending equals total production.
Human capital consists of computers, tools and equipment owned by private individuals
a. True b. False Indicate whether the statement is true or false
If Babette's Bicycle shop can rebuild three bicycles for $200 and four bicycles for $240, then the average variable cost of four bicycles
a. equals $40 b. cannot be determined without more information c. equals $60 d. equals $240 e. equals $10