Based on the graph showing the effects of a government budget deficit, a budget deficit would lead to ______.
a. a shift in the demand curve for loanable funds to the left
b. a shift in the supply curve for loanable funds to the right
c. a decrease in loanable funds from Q1 to Q2
d. an increase in loanable funds from Q1 to Q2
c. a decrease in loanable funds from Q1 to Q2
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The marginal propensity to consume (MPC) is computed as the change in consumption divided by the change in:
a. GDP. b. income. c. saving. d. none of these.
When pricing is used to limit entry, it is often described as
A) effective. B) predatory. C) exclusive. D) aggressive.
If demand is perfectly inelastic, a decrease in price results in a(n)
a. decrease in seller's total revenue b. increase in total seller's expenditure c. increase in expenditure on the good, but a decrease in revenue to the seller d. unfavorable shift in tastes and preferences e. increase in total revenue to the seller
Harry's employer offers a "Holiday Account," which means they will take $50 a month out of Harry's paycheck and deposit it into this account throughout the year. In December, they give Harry the money in the account to spend during the holidays. Harry regularly carries about $200 of credit card debt each month. Harry's decision to set aside some of his money in this account is an example of:
A. recognizing that money is fungible. B. ignoring the fungibility of money. C. needing to categorize expenditures to make rational decisions about money. D. being rational.