"Crowding out" occurs as an expansionary fiscal policy __________ interest rates, thus __________ investment spending
A) raises; increasing
B) raises; decreasing
C) lowers; increasing
D) lowers; decreasing
B
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During the 2008 financial crisis, it became:
A. easier for individuals but harder for businesses to obtain loans. B. harder for individuals but easier for businesses to obtain loans. C. harder for both individuals and businesses to obtain loans. D. easier for both individuals and businesses to obtain loans.
Over the range of most of a firm’s output, average revenue is greater than price.
Answer the following statement true (T) or false (F)
The average fixed cost curve always has a negative slope because:
a. marginal costs are below average fixed costs. b. average variable costs exceed marginal costs. c. total fixed costs always decrease. d. total fixed costs do not change as output increases.
From the Industrial Revolution to the present, innovation has played a major role in the growth of output. What do the leading analysts of economic growth argue were some of the most significant innovations of this period?