The demand for loanable funds curve is downward sloping because
a. as the interest rate falls business firms demand fewer loanable funds
b. as the interest rate falls business firms demand more loanable funds
c. as the interest rate rises business firms demand more loanable funds
d. as the interest rate rises, the government demands more loanable funds
e. as the interest rate rises, the government demands fewer loanable funds
B
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An increase in aggregate demand in the classical range of the aggregate supply curve will
A. increase the price level, but not affect the real domestic output. B. increase real domestic output, but not affect the price level. C. decrease both real domestic output and the price level. D. increase both real domestic output and the price level.
When a person reenters the labor force and looks for a job after spending time at home raising a child
A) cyclical unemployment increases. B) structural unemployment decreases. C) frictional and cyclical unemployment increase. D) frictional unemployment increases.
A nonmonetary opportunity cost is called a(n) ________, while a cost that involves spending money is called a(n) ________
A) implicit cost; explicit cost B) normal rate of return; asset C) accounting profit; economic profit D) accounting cost; explicit cost
What is the maximum that the firm can charge for the no-name brand wok without losing customers?
a. $50 b. $60 c. $70 d. $100