In 2008 the fall in the value of the stock market decreased people's wealth. As a result of this change alone, the supply of loanable funds
A) did not change, and there was a downward movement along the supply of loanable funds curve.
B) did not change, and there was an upward movement along the supply of loanable funds curve.
C) decreased.
D) did not change, and there was no movement along the supply of loanable funds curve.
E) increased.
E
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Suppose U.S. consumers start buying more English shoes and fewer U.S. shoes. What impact will this trend have on the foreign exchange market?
a. The U.S. overall demand for foreign exchange, and British pounds, in particular, will increase. b. The U.S. overall demand for foreign exchange, and British pounds, in particular, will decrease. c. The U.S. demand for British pounds will increase, but the overall demand for foreign exchange will probably decrease. d. The U.S. demand for British pounds will decrease, but the overall demand for foreign exchange will probably increase.
Which of the following would cause the long-run aggregate supply curve to shift to the left?
A. an increase in wages B. a decrease in aggregate demand C. a decrease in taxes on profits D. a decrease in labor productivity
Under modern economic growth, the annual average increase in output per person is
A. Often not large, perhaps 2% per year B. Often large, perhaps greater than 5% per year C. Often small, perhaps less than 1% per year D. Often the same in rich countries as in poor countries
The formula for the computation of labor productivity is
A) nominal GDP/number of workers. B) real GDP/number of workers. C) nominal GDP/population. D) real GDP/population.