A decrease in saving that leads to an increase in the interest rate will:
A. Decrease the amount of investment spending
B. Only result in a surplus of loanable funds
C. Shift the demand for loanable funds to the right, increasing net investment
D. Shift the demand for loanable funds to the left, causing a decrease in investment
A. Decrease the amount of investment spending
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Rent ceilings set below the equilibrium rent i. create a deadweight loss. ii. increase search activity. iii. result in a surplus of apartments
A) i only B) ii only C) i and iii D) i and ii E) i, ii, and iii
According to the information in the table shown, if someone were earning $30,000 in the United States, approximately what would they have to earn in China to have the same standard of living?
This table shows the price-level adjustment as compared to the United States.
A. $40,000
B. $7,500
C. $22,500
D. $15,000
If a monopolist can price discriminate among buyers, it will charge buyers with more elastic demands a higher price.
Answer the following statement true (T) or false (F)
Which of the following statements is correct?
A. If demand increases and supply decreases, equilibrium price will fall. B. If supply increases and demand decreases, equilibrium price will fall. C. If demand decreases and supply increases, equilibrium price will rise. D. If supply declines and demand remains constant, equilibrium price will fall.