An increase in the marginal productivity of capital will lead to
a. an increase in current consumption.
b. a rise in the interest rate.
c. a decline in the demand for current consumption.
d. a fall in the demand for capital.
b. a rise in the interest rate.
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The two main responsibilities of the Federal Reserve System are to ________ and to ________.
A. insure bank deposits; print currency B. enable banks to make affordable mortgages; control the exchange rate of the U.S. dollar C. apprehend counterfeiters; regulate the stock market D. conduct monetary policy; oversee financial markets
Because resources tend to be specialized, increased production of military goods tends to
a. decrease the opportunity cost of more military goods. b. increase the opportunity cost of more non-military goods. c. increase the opportunity cost of more military goods. d. change the position of the production possibilities curve. e. alter the slope of the production possibilities curve.
Equity investors in real estate expect to receive a return on their investment through the collection of ________ and through ____________________.
Fill in the blank(s) with the appropriate word(s).
If the market price of $10 per lawn leads to the quantity supplied of 15 mowed lawns, and the market price of $15 per lawn leads to 25 lawns mowed, what does the supply curve look like?
A. It slopes down and to the right. B. It is a horizontal line. C. It is a vertical line. D. It slopes up and to the right.