An increase in the real interest rate results in a
A) rightward shift in the supply of loanable funds curve.
B) leftward shift in the supply of loanable funds curve.
C) movement along the supply of loanable funds curve.
D) none of the above.
C
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When the nominal exchange changes from 120 yen per dollar to 110 yen per dollar, the dollar has:
A. become undervalued. B. become overvalued. C. depreciated. D. appreciated.
Answer the following statement(s) true (T) or false (F)
1. The Engel curve contains information that is not found in the indifference curve diagram. 2. The Law of demand can only be violated if a good is inferior. 3. All Giffen goods must be inferior goods, but not all inferior goods are Giffen goods. 4. In a two-good world, one good-but not both-can be inferior. 5. An inferior good is one for which the substitution effect is relatively large.
What is the difference between market income and money income? Which is more equally distributed?
What will be an ideal response?
Suppose that initially there is no public debt. Using the above table, what is the public debt as a percentage of GDP in Year 4?
A) 5.8 percent B) 7.8 percent C) 3.6 percent D) 2.0 percent