Refer to the diagram. If the supply of loanable funds is S 0 and the demand for loanable funds is D 0 , the equilibrium interest rate and quantity of funds borrowed will be:
A. G and A.
B. F and A.
C. F and C.
D. E and A.
C. F and C.
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The unemployed are those people who
A. are not employed but are seeking work. B. are not working. C. are not in the workforce. D. do not have jobs.
The marginal revenue product of an hour of labor used in steel production is equal to
A. its marginal physical product times the hourly wage rate. B. its marginal physical product times the price of steel. C. the hourly wage rate. D. its marginal physical product divided by the price of steel.
Cyclical unemployment is the result of the business cycle
a. True b. False Indicate whether the statement is true or false
Which of the following counts as part of the supply of loanable funds?
a. bank deposits and purchases of bonds b. bank deposits but not purchases of bonds c. purchases of bonds but not bank deposits d. neither purchases of bonds nor bank deposits