Capital has a life that typically
A. extends over many years.
B. expires as it is being used.
C. lasts for less than 1 year.
D. never expires.
Answer: A
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Indicate whether the statement is true or false
Which of the following would decrease the size of a federal budget deficit?
a. a recession b. an increase in defense spending c. growth in real GDP d. a decrease in tax revenues e. an increase in transfer payments
A price floor will be binding only if it is set
A. equal to the equilibrium price. B. either above or below the equilibrium price. C. above the equilibrium price D. below the equilibrium price
Based on the graph showing the market for loanable funds, at a real interest rate that is higher than equilibrium, the quantity of loanable funds supplied is ______.
a. equal to the quantity of loanable funds demanded
b. less than the quantity of loanable funds demanded
c. greater than the quantity of loanable funds demanded
d. closer to the quantity of loanable funds demanded than at equilibrium