The introduction of new technologies ________ the real interest rate and ________ the equilibrium quantity of national saving.
A. decreases; decreases
B. increases; increases
C. increases; decreases
D. decreases; increases
Answer: B
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People must make choices because
A) most people enjoy shopping. B) of scarcity. C) there are many goods available. D) the question "What goods and services are produced?" is not adequately answered. E) making choices is in the social interest.
Keynesians:
a. accept the countercyclical policy of doing nothing, that is, allowing market forces to work. b. believe that the level of aggregate demand in the 1930s was sufficient to generate full employment. c. accept the fact that policymakers should eliminate inflation first before focusing on unemployment. d. focus on increasing aggregate demand in order to stimulate the economy. e. were prepared for the events that beset our economy in the 1970s and 1980s.
The lack of long-term economic development in LDCs is evidence that economic markets fail to function efficiently
Indicate whether the statement is true or false
What role do losses play in a competitive market
What will be an ideal response?