The supply of loanable funds curve is downward sloping
a. True
b. False
B
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Saving $100 will:
A. increase wealth by $100. B. decrease wealth by $100. C. increase wealth by $100 only if the $100 is used to repay a debt. D. increase wealth by $100 only if the $100 is used to purchase an asset.
Any event that decreases the value of the marginal product of labor will:
A. decrease labor demand. B. decrease labor supply. C. increase labor demand. D. increase labor supply.
Which group has a direct responsibility for providing analysis, advice, and assistance to the U.S. president on economic matters?
A. The Congressional Budget Office B. The Joint Economic Committee C. The Council of Economic Advisors D. The Federal Reserve Board
In an effort to stop the U.S. recession of 2007-2009, the federal government:
A. reduced taxes and increased government spending. B. imposed large tariffs on many imported goods to protect domestic jobs. C. raised interest rates to encourage greater business investment. D. avoided Keynesian policies because of the threat of inflation.