An increase in the population of an economy will result in decreased output
a. True
b. False
Indicate whether the statement is true or false
False
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The interest rate is the price borrowers pay to borrow money.Key interest rates are controlled by the Federal Reserve System.If the Federal Reserve acts to reduce interest rates, economists would expect the quantity of money demanded to
A. increase. B. decrease. C. not change. D. not change, although the demand schedule itself will shift outward.
Coffee and sugar are complements. If the supply curve of coffee shifts leftward because of poor weather, then there will be
A) an increase in the price of sugar. B) a decrease in the price of sugar. C) a leftward shift of the demand curve for coffee. D) a leftward shift of the supply curve for sugar.
A. p = mc. b. p = atc. c. mr = mc. d. mc = ac
A. $4 or less. B. $3.90 or less. C. $3.50 or less. D. $3.40 or less.
One essential factor for economic growth is:
A. Increasing population growth B. Expanding the role of government C. Using existing resources more efficiently D. Expanding tax-credits for business investment