Which of the following would one tend to see in a growing economy?
A. The supply curve for loans shifting to the left
B. The quantity of loans falling
C. The interest rate falling
D. The demand curve for loans shifting to the right
Answer: D
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The production possibilities frontier represents all desirable combinations of outputs
a. True b. False
When an economist is asked a question like "why is unemployment higher for teenagers than for older workers?" the economist
a. is asked to explain the cause of an economic event. b. is asked to recommend a policy to improve economic outcomes. c. is asked as a policy adviser. d. does not have enough information to respond.
From 1935 to 2017, the yield per acre for wheat has ________ in the United States.
A. roughly doubled B. more than tripled C. increased more than 6-fold D. slightly declined
The highest post World War II unemployment rate occurred
A. in 2001. B. in 1982. C. in 2009. D. in 1974.