Other things constant, when households decide to save more, the supply of credit ________ and interest rates ________
A) falls; rise
B) falls; fall
C) rises; rise
D) rises; fall
D
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Termination
What will be an ideal response?
The official poverty level is based on
A. after-tax income, and includes both cash and in-kind government subsidies. B. wages and salaries, plus any unreported amounts of income from the underground economy. C. pretax income, and includes cash subsidies but does not include in-kind subsidies such as food stamps. D. total net worth.
If Happy Cleaners and Sparkle Cleaners are in a Cournot oligopoly, the Cournot equilibrium will ________.
A) occur at a point on Happy Cleaners' best-response curve, but not Sparkle Cleaners' best-response curve B) provide an incentive for both firms to adjust their output C) occur at the intersection of Happy Cleaners' and Sparkle Cleaners' best response curves D) only occur if Happy Cleaners and Sparkle Cleaners form a cartel
If the demand curve for agricultural products is elastic and farmers as a group become more productive, then prices of agricultural goods will __________ and total revenue earned by farmers will __________
A) decrease; increase B) decrease; decrease C) increase; increase D) increase; decrease E) We cannot answer this question without knowing how elastic the demand curve is.