A rightward shift of a demand curve represents a decrease in demand
a. True
b. False
B
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In the above figure, which of the following is TRUE regarding the movements from point A to B and from point C to D?
I) The movement from point A to B shows that the economy has chosen to produce 100 more jets. II) The movement from point C to D shows that the economy has chosen to produce 100 more jets. III) The movement from point A to B and from point C to D have the same opportunity cost. A) I and II B) I and III C) II and III D) I, II and III
Turning points in business cycles occur when
A) a new business cycle is initiated at the trough. B) the economy hits the peak or trough in the business cycle. C) the business cycle begins to follow a new pattern that differs from previous business cycles. D) a new business cycle is initiated at the peak.
The job market for which group always seems to have higher unemployment than the labor force as a whole? Why?
What will be an ideal response?
Other things equal, an increase in the productivity of capital goods will:
A. increase the demand for loanable funds and decrease the equilibrium interest rate. B. increase the demand for loanable funds and increase the equilibrium interest rate. C. increase the supply of loanable funds and decrease the equilibrium interest rate. D. increase the supply of loanable funds and increase the equilibrium interest rate.