Everything else held constant, if aggregate output is to the ________ of the LM curve, then there is an excess ________ of money which will cause the interest rate to fall
A) right; supply
B) right; demand
C) left; supply
D) left; demand
C
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Cortez was one of the leading explorers from _____
a. England b. France c. Holland d. Portugal e. Spain
The average propensity to save (APS) is the proportion of disposable income that is saved
a. True b. False Indicate whether the statement is true or false
A market will experience a ____ when the price is above equilibrium and a ____ when the price is below equilibrium
a. shortage, shortage b. surplus, surplus c. shortage, surplus d. surplus, shortage
Esther and Albert produce hamburgers and hot dogs. Esther can produce six hamburgers per hour or four hot dogs per hour. Albert can produce three hamburgers per hour or one hot dog per hour. Based on the scenario, Albert's opportunity cost for one hot dog is:
a. 3 hamburgers. b. 1 1/2 hamburgers c. 6 hamburgers d. 4 hamburgers