Which controversy developed over a disagreement about how managers make profit maximizing production decisions?
a. Lester-Satlow
b. Lester-Machlup
c. Friedman-Lester
d. Friedman-Phelps
e. Kalecki-Gottheil
B
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The degree of international capital mobility is affected by:
a. The value of the domestic currency. b. Central bank capital controls. c. The monetary base. d. The money supply. e. The quantity of domestic currency traded per time period.
A productivity improvement will cause
A. a downward shift in the saving-per-worker curve and a decrease in the capital-labor ratio. B. a leftward movement along the saving-per-worker curve and a decrease in the capital-labor ratio. C. a rightward movement along the saving-per-worker curve and an increase in the capital-labor ratio. D. an upward shift in the saving-per-worker curve and an increase in the capital-labor ratio.
If wealth ________, then saving increases, which is shown by a ________
A) decreases; rightward shift of the supply of loanable funds curve B) decreases; movement downward along the supply of loanable funds curve C) increases; rightward shift of the supply of loanable funds curve D) increases; leftward shift of the supply of loanable funds curve E) increases; movement upward along the supply of loanable funds curve
In the above figure, the economy is initially at point B. Then the price level falls by 10. The wealth effect will help
A) move the economy to point A. B) move the economy to point C. C) move the economy to point D. D) keep the economy to point B.