Which procedure or test involves real-life situations such as candidates for captain making a presentation to a community group about the department's policy on traffic safety?
A) oral interview board
B) situational test
C) performance appraisal
D) written promotional test
B) situational test
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Use the following graph to answer the next question.
Suppose the economy is currently in equilibrium at output level Q2, but full-employment output is at level Q1. If the government fails to enact fiscal policy and no other conditions change, the eventual price level will most likely be closest to
A. P0. B. P1. C. P2. D. P3.
In the absence of a Ricardo-Barro effect, a government budget deficit ________ the demand for loanable funds, ________ the real interest rate, and ________ investment
A) increases; increases; crowds out B) increases; decreases; increases C) decreases; increases; increases D) decreases; increases; crowds out
A bank with insufficient reserves can increase its reserves by
A) lending federal funds. B) calling in loans. C) buying short-term Treasury securities. D) buying municipal bonds.
Explain why having different marginal rates of substitution is necessary for trade to occur
What will be an ideal response?