Which of the following would shift the demand for loanable funds to the right?
a. income tax increases
b. government expenditures increase
c. the interest rate falls
d. Congress and the president pass an investment tax credit
d
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How does rapid economic growth at home affect foreign exchange markets?
What will be an ideal response?
During Thanksgiving you participated in a pumpkin-pie eating contest. You really enjoyed the first two pies, the third one was okay, but as soon as you ate the fourth one you became ill and lost the contest. You got ________ utility from eating the first pie than from eating the third pie.
A. the same amount of B. less C. more D. less variable
The problem for the prisoners in the prisoners' dilemma game in the above table is that
A) the Nash equilibrium is not the best outcome. B) there is no equilibrium outcome. C) neither prisoner has a workable strategy. D) None of the above answers is correct.
Consider a perfectly competitive firm for which MC equals ATC at the $10 level. If the market price is $10,
a. the firm can earn an economic profit. b. the firm will suffer an economic loss but should operate in the short run. c. the best the firm can do is to break even. d. the firm should shut down in the short run.