What is TRUE when the credit market is in equilibrium?
A) The legal minimum wage equals the actual wage.
B) Desired saving equals desired investment.
C) Desired employment equals the number of jobs available.
D) Desired consumption spending equals the total of saving plus investment.
B
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From a society’s viewpoint, when all resources are fully employed, a decision to have more of one thing means we must give up something else.
Answer the following statement true (T) or false (F)
An economy's investment demand curve shows the inverse relationship between the quantity of investment demanded and the market interest rate, other things held constant
a. True b. False Indicate whether the statement is true or false
Which statement is true?
A. There were no recessions during the 1980s. B. The 1920s was not a prosperous decade. C. The federal government played a significant role during Dwight Eisenhower's presidency. D. The longest recession since World War II began in 1990.
The assumption of completeness means that
A) the consumer can rank all possible consumption bundles. B) more of a good is always better. C) the consumers can rank all affordable consumption bundles. D) all preferences conditions are met.