Factors that can cause the supply curve for bonds to shift to the right include
A) an expansion in overall economic activity.
B) a decrease in expected inflation.
C) a decrease in government deficits.
D) a business cycle recession.
A
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State the fundamental identity of national income accounting. Why is it not possible for this identity to be violated?
What will be an ideal response?
Which of the following is not potentially a barrier to entry into the widget market?
A. Patent protection on the design of widgets B. High prices for widgets C. Government licensing of widget producers D. Massive advertising by existing widget producers
Long-term productivity growth trends have resulted in the
a. increased predominance of the British economy. b. relative decline of the U.S. relative to the U.K. c. relative decline of the Japanese economy. d. relative growth of the Japanese economy.
The economy can produce 15X and 15Y, 10X and 20Y, 5X and 25Y, or 0X and 30Y. It follows that opportunity cost of 1X is ___Y
A) 4.0 B) 5.0 C) 2.5 D) 1.0 E) none of the above