Market clearing in the loanable funds market
a. violates Say's Law
b. guarantees that total spending will be just sufficient to purchase whatever output is produced
c. means that the interest rate never changes
d. guarantees that total spending will equal the quantity of loanable funds demanded
e. requires that the government run a budget deficit
B
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Suppose that the labor movement has a revival in the US and the majority of workers join labor unions. As a result you would expect
A) the unemployment rate to rise. B) the unemployment rate to fall. C) the aggregate demand curve to shift rightward.
Which of the following are most likely to become an endangered species?
A) animals in the wild B) domesticated animals C) animals that people like to keep at home as pets D) animals that people have property rights to own
Foreign exchange means
a. changing dollars into foreign currency b. domestic currency held to finance international trade c. foreign currency d. trade between governments e. trade between individuals in different countries
Which statement is true?
A. Employment discrimination has ceased to exist. B. Women working full time now earn virtually the same amount as men. C. The poverty rate for blacks and Hispanics is three times the poverty rate for whites. D. Property income is mainly paid in the form of rent.