When the government increases its demand for loanable funds, it causes the demand:
A. for loanable funds curve to shift to the right, which increases interest rates.
B. for loanable funds curve to shift to the left, which increases interest rates.
C. of loanable funds curve to shift to the right, which decreases interest rates.
D. of loanable funds curve to shift to the left, which decreases interest rates.
A. for loanable funds curve to shift to the right, which increases interest rates.
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The burdens of the national debt generally fall on
A) the present generation. B) past generations. C) future generations. D) all of the above.
Assume that Kelly's various possible activities are mutually exclusive. The opportunity cost from choosing one activity equals the
a. summed value of all her alternative activities b. summed value of all her alternative activities minus the value of the chosen activity c. value of the next most valuable alternative activity d. value of the next most valuable alternative activity minus the value of the chosen activity e. summed value of all her alternative activities minus the value of the next most valuable alternative activity
The chain-reaction game
A. was cancelled on network TV. B. counts secondary benefits without counting secondary costs. C. compounds a bad decision by making more bad decisions, causing unwanted projects to get funded. D. is double-counting of benefits.
A relatively high wage is predicted to be enjoyed by workers where
a. the population is large relative to industrial activity. b. the jobs are disagreeable or dangerous. c. the jobs are pleasant and satisfying. d. demand is weak and supply is high.