When the real interest rate ________ the equilibrium real interest rate, there is a ________ of loanable funds and the real interest rate ________
A) is less than; shortage; falls
B) is less than; surplus; rises
C) exceeds; surplus; rises
D) exceeds; surplus ; falls
E) exceeds; shortage; rises
D
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In a perfectly competitive market, the market demand curve is horizontal
a. True b. False
A public good is:
A. rival in consumption and excludable. B. not rival in consumption and not excludable. C. not rival in consumption, but excludable. D. rival in consumption, but not excludable.
The short-run aggregate supply curve:
A. ?Is a schedule showing the relationship between the price level and the quantity of real GDP supplied. B. ?Is typically upward sloping. C. reflects output prices changing relative to input prices. D. ?all of the above
The value of corporate stocks and bonds traded in a given year is:
A. included in the calculation of gross private domestic investment. B. included in the calculation of GDP because they make a contribution to the current production of goods and services. C. excluded from the calculation of GDP because they make no contribution to current production of goods and services. D. included in the calculation of net private domestic investment.