The supply of loanable funds comes from anyone who has saved money and wants to lend it out
a. True
b. False
Indicate whether the statement is true or false
True
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If the shopkeeper goes first and quotes a high price, what is the best response of the customer?
a. Accept the high price b. Yell at the store owner c. Walk away from the deal d. Swear off shopping forever
The dual-control approach refers to
a. dual trading programs, one for sulfur dioxide and one for nitrogen oxides b. different standards used in PSD areas versus nonattainment areas c. the netting program and the offset program d. state control of existing sources and federal control of new or modified sources
Measured as a share of the labor force, union membership was at its highest level in the United States during the
a. 1930s b. 1950s c. 1970s d. 1990s
Starting from long-run equilibrium, a large tax cut will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; higher B. expansionary; higher; potential C. recessionary; higher; potential D. recessionary; lower; lower