As a result of financial deregulation
A) the IS curve became flatter and the LM curve became steeper, with the result that the interest rate became more volatile.
B) the IS curve became steeper and the LM curve became flatter, with the result that the interest rate became more volatile.
C) both the IS curve and the LM curve became steeper, with the result that the interest rate became more volatile.
D) both the IS curve and the LM curve became flatter, with the result that the interest rate became more volatile.
C
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Economics could be defined as the study of scarcity
a. True b. False Indicate whether the statement is true or false
Eating a bag of sweets gives Rory 25 utils of satisfaction. How many additional utils would you expect Rory would get from eating a second bag of sweets?
(a) 25 utils. (b) Less than 25 utils. (c) More than 25 utils. (d) 50 utils.
Which of the following is included in the aggregate demand for goods and services?
a. consumption demand b. investment demand c. net exports d. All of the above are correct.
If the consumption schedule shifts downward, and the shift was not caused by a tax change, then the saving schedule:
A. May shift either upward or downward B. Will shift downward C. Will shift upward D. Will not shift