A government budget deficit will have a:
a. positive effect on public saving causing a rightward shift in the supply of loanable funds.
b. positive effect on public saving causing a leftward shift in the supply of loanable funds.
c. negative effect on public saving causing a rightward shift in the supply of loanable funds.
d. negative effect on public saving causing a leftward shift in the supply of loanable funds.
d
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Current income is 300, expected future income is 363, and the interest rate is 10%. If consumption is to be the same in each period, each period’s consumption must be
a) 330 b) 300 c) 331.5 d) 333 e) 363
The demand for computers has risen dramatically at the same time that the unit cost of production has decreased. As a result, we can expect
a. a decrease in price and no predictable impact on output. b. a definite decrease in price and increase in output. c. an increase in output with no predictable change in price. d. no predictable changes in either price or output.
Milo drives to work 30 miles on the freeway every day. Briefly explain what type of spillover Milo’s actions are creating, and explain why it is this type of spillover and how it influences others.
What will be an ideal response?
In the long run, perfectly competitive firms achieve:
A) allocative and productive efficiency. B) allocative efficiency, but not productive efficiency. C) productive efficiency, but not allocative efficiency. D) neither allocative nor productive efficiency