Which of the following would not shift the demand for resource Z?
a. A decline in the price of resource Z
b. A decline in the price of substitute resource A.
c. An increase in the productivity of resource Z.
d. An increase in the price of the product resource Z is used to produce.
a
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Why do many economists believe that money affects output? What is the empirical evidence in support of that belief?
What will be an ideal response?
The federal funds rate is the interest rate that
a. banks charge one another for loans. b. banks charge the Fed for loans. c. the Fed charges banks for loans. d. the Fed charges Congress for loans.
If this is a closed economy, the number of TVs exchanged will be ________.
A. 120,000 B. 90,000 C. 60,000 D. 30,000
If MUA/PA> MUB /PB, an individual should choose to consume more of good A.
Answer the following statement true (T) or false (F)