If we start to think that Medicare will pay for all of our medical needs as we age, then our likely actions will lead to:
A) a shift in the supply of loanable funds will cause interest rates to rise.
B) a shift in the supply of loanable funds will cause interest rates to fall.
C) a shift in the demand for loanable funds will cause interest rates to rise.
D) a shift in the demand for loanable funds will cause interest rates to fall.
E) there will be an excess supply of loanable funds.
A
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Refer to the graph shown. The economy is in a short-run equilibrium at:
A. point A. B. point B. C. point C. D. no point in the graph.
Which of the following will definitely occur when there is an increase in demand for and a decrease in supply of milk?
A. a decrease in equilibrium quantity B. an increase in equilibrium price C. a decrease in equilibrium price D. an increase in equilibrium quantity
In which of the following cases would there be an effect on the value of the U.S. consumer price index, but not on the value of the U.S. GDP deflator?
a. All of the truck tires that are produced by a certain company in South Korea are sold to the U.S. military, and the price of these tires decreases. b. All of the truck tires that are produced by a certain company in California are sold to the U.S. military, and the price of these tires decreases. c. Most of the bananas that are produced by a certain company in Honduras end up in U.S. grocery stores, and the price of these bananas increases. d. Most of the earth-moving machines that are produced by a certain company in Illinois are exported to other countries, and the price of these machines increases.
A business cycle
a. is ups and downs in the level of economic activity over time b. is irregular and unpredictable c. has existed since recorded history d. all