The slope of the credit demand curve from the text book implies that the:
A) higher the rate of taxation, the lower the quantity of credit demanded.
B) higher the real rate of interest, the higher the quantity of credit demanded.
C) higher the real rate of interest, the lower the quantity of credit demanded.
D) higher the rate of taxation, the higher the quantity of credit demanded.
C
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The above table gives data for the nation of Mojo. At what level of real GDP is the economy at equilibrium expenditure?
A) $3.0 trillion B) $9.0 trillion C) more than $12.0 trillion. D) $6.0 trillion E) $12.0 trillion
In perfect competition, changes in an individual firm's output will change the overall market price
a. True b. False Indicate whether the statement is true or false
If import restrictions prohibit foreigners from selling various goods and services in the U.S. market,
A) the U.S. will be able to export more goods abroad. B) the U.S. will be able to produce more output than would be otherwise the case. C) foreigners will have fewer U.S. dollars with which to buy U.S. goods and services. D) the domestic producers in the protected industries will supply goods to U.S. consumers at lower prices than would be otherwise the case.
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. The economy is currently at Point A. The opportunity cost of moving from Point A to Point B is the
A. 30 LCD televisions that must be forgone to produce 60 additional OLED televisions. B. 90 LCD televisions that must be forgone to produce 20 additional OLED televisions. C. 30 LCD televisions that must be forgone to produce 20 additional OLED televisions. D. 120 LCD televisions that must be forgone to produce 40 additional OLED televisions.