The loan supply curve has a positive slope
a. for all savers.
b. only for savers with fixed accumulation targets.
c. for all savers except those with fixed accumulation goals.
d. only for those contemplating retirement.
c
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Which of the following is a problem with the price system that can lead to a breakdown in the coordination of economic activity?
A) Prices can be slow to adjust. B) The price system works silently in the background. C) Prices may be flexible. D) all of the above
A decrease in the money wage rate
A) increases the long-run aggregate supply. B) decreases the long-run aggregate supply. C) increases the short-run aggregate supply. D) decreases the short-run aggregate supply.
If the cost of producing a good rises for sellers, then how will this affect the market equilibrium for that good? a. Price will rise and quantity will fall. b. Price will fall and quantity will rise. c. Price and quantity will both rise
d. Price and quantity will both fall.
Lisa's hourly pay increases from $8 to $10 as her performance improves. We can conclude that:
a. her marginal cost of leisure declines. b. her opportunity cost of leisure increases. c. her opportunity cost of work increases. d. her marginal cost of work declines.