When ________ changes, the supply of loanable funds curve shifts
A) the price level
B) "animal spirits"
C) people's expected future income
D) the expected rate of profit
E) investment
C
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As the real interest rate increases, the quantity of saving supplied ________ and the quantity of saving demanded ________.
A. increases; decreases B. does not change; does not change C. increases; increases D. decreases; increases
The figure above shows the marginal revenue and costs of a perfectly competitive firm. When 170 units are produced, the
A) firm has total revenue of $2,720. B) firm's total costs are less than $2,720. C) firm is making an economic profit. D) All of the above are true.
A key barrier to labor mobility within Europe is
A) the laziness of Germans. B) full employment in most European countries. C) differences in language and culture. D) lack of transportation. E) the physical barriers in the landscape.
A short-run supply curve is
a. horizontal, summing individual supply curves b. temporary, and disappears when price rises c. downward sloping reaching the horizontal axis d. upward sloping e. vertical