We interpret the meaning of "loanable funds" as the
a. flow of resources available from private saving.
b. flow of resources available to fund private investment.
c. resources borrowed by private investors and by government.
d. resources lent by private investors and by government.
b
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In the above figure, if aggregate demand does not change, the long-run equilibrium will be at the price level of ________ and real GDP of ________
A) 100; $15.5 trillion B) 120; $16 trillion C) 100; $16 trillion D) 110; $15.5 trillion
Total cost is calculated as
a. average fixed cost plus average variable cost b. fixed cost plus variable cost c. the additional cost of the last unit produced d. marginal cost plus variable cost e. marginal cost plus fixed cost
The successful introduction and adoption of a new product or process is called
a. invention. b. innovation. c. economies of scale. d. economic growth.
The slope of a curve at any point is given by this formula:
A. The change in y coordinates between two points divided by the change in their x coordinates. B. The percentage change in x coordinates between two points divided by the percentage change in their y coordinates. C. The percentage change in y coordinates between two points divided by the percentage change in their x coordinates. D. The change in x coordinates between two points divided by the change in their y coordinates.