When an economy is in a recession,
a. strong demand for investment funds will push interest rates upward.
b. strong demand for resources will push the prices of resources upward.
c. the real interest rate will tend to rise.
d. the unemployment rate will rise above its natural rate.
D
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Use the figure below to answer the following question. 
A decrease in supply is depicted by a
A. movement from point x to point y. B. movement from point y to point x. C. shift from S2 to S1. D. shift from S1 to S2.
Command economies are never effective at organizing the production and distribution of goods and services
Indicate whether the statement is true or false
Production inefficiency is more likely to occur when the principal has more information about work performance than the agent does
Indicate whether the statement is true or false
The rule for efficient output selection is stated as MC = MU. Explain how the rule results in economic efficiency.
What will be an ideal response?