An expansionary fiscal policy will result in higher interest rates and will reduce private investment.
a. true
b. false
Ans: a. true
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Refer to Scenario 18.1. When Curly made the loans to Moe, Larry, and Shemp, there were 500 coins' worth of receipts. These receipts are best described as
A) commodity money. B) representative commodity money. C) partially backed representative commodity money. D) fiat money.
Which of the following is NOT a TRUE statement about perfectly competitive and monopolistically competitive firms?
A) Both monopolistically competitive and perfectly competitive firms have perfectly elastic demands. B) In the long run, only monopolistically competitive firms have excess capacity. C) Perfectly competitive firms produce at their efficient scale. D) There are a large number of firms in both monopolistically competitive and perfectly competitive markets.
Labor productivity is measured by _____ per _____.
Fill in the blank(s) with the appropriate word(s).
How does the imposition of an excise tax on a good affect its market equilibrium?
A. Equilibrium quantity increases, and equilibrium price decreases. B. Equilibrium quantity decreases, and equilibrium price increases. C. Equilibrium quantity decreases, and equilibrium price decreases. D. Equilibrium quantity increases, and equilibrium price increases.