Compared to earlier times, the period of the 1950s to the early 1960s was one characterized by
(a) temporary deficit spending of the government.
(b) permanent deficit spending of the government.
(c) temporary surplus spending of the government.
(d) permanent surplus spending of the government.
(b)
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Refer to Figure 21-6. The market is in equilibrium. If the government budget deficit rises, which of the following would you expect to see?
A) The quantity of loanable funds demanded by firms will fall below $120 million. B) The interest rate will fall below 4 percent. C) The quantity of loanable funds demanded by firms will rise above $120 million. D) The budget deficit will have no impact on the quantity of loanable funds demanded by firms.
An increase in the wage rate will cause
a. increased employment b. a leftward shift in the labor supply curve c. an upward movement along the labor supply curve d. a rightward shift of the labor supply curve e. a leftward shift of the labor demand curve
Which of the following is NOT a reason a firm might experience economies of scale?
A) specialization B) dimensional factors C) increasing long-run average costs D) more productive equipment
If your marginal utility becomes negative, your total utility _____________.
Fill in the blank(s) with the appropriate word(s).