A union of all workers from a particular industry is a(n)
A) craft union.
B) conglomerate union.
C) industrial union.
D) expansive union.
C
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Everything else remaining unchanged, what is likely to happen to the equilibrium real interest rate and quantity of credit if the credit demand curve shifts to the left?
A) Both equilibrium rate of interest and quantity of credit will decrease. B) Both equilibrium rate of interest and quantity of credit will increase. C) The equilibrium rate of interest will decrease and the quantity of credit will increase. D) The equilibrium rate of interest will increase and the quantity of credit will decrease.
An increase in the interest rate will: a. increase the amount of money borrowed by firms
b. decrease the amount of money borrowed by firms. c. have an ambiguous effect on the amount of money borrowed by firms. d. have no effect on the amount of money borrowed by firms.
Social costs are
A. borne by individuals who incur them. B. borne by no one in society. C. the full cost borne by society whenever a resource use occurs. D. costs that are borne by the government.
The budget deficit/surplus projections for 2003 that were made in 2000 were wrong, because there was an
A. anticipated increase in immigration. B. anticipated increase in defense spending. C. unanticipated increase in interest rates. D. unanticipated recession.