When a government increases its budget deficit, then that country's
a. supply of loanable funds shifts right.
b. supply of loanable funds shifts left.
c. demand for loanable funds shifts right.
d. demand for loanable funds shifts left.
b
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If the money prices of resources changes, the SAS curve shifts
Indicate whether the statement is true or false
In the short run,
a. utilization of any input can be varied b. production takes less than one year c. all resources are limited in supply d. utilization of some inputs is assumed constant e. equilibrium cannot occur
Which of the following is a fundamental characteristic of the market system?
A. Property rights. B. Central planning by government. C. Unselfish behavior. D. Government-set wages and prices.
The influx of inexpensive, reliable cars from Japan in the 1980s forced domestic producers to
A. ask for greater import protections. B. build larger, more luxurious vehicles. C. improve the reliability and cost of their cars. D. lobby for a closed economy.