According to the loanable funds framework, if businesses reduce their willingness to spend money on new capital equipment,
What will be an ideal response?
Interest rates will decrease.
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A perfectly elastic supply curve is: a. upward sloping to the right
b. downward sloping to the left. c. horizontal. d. vertical.
An important law in the U.S. regulation of markets is the:
A. Sherman Antitrust Act of 1890. B. Lincoln Antitrust Act of 1890. C. Standard Oil Antitrust Act of 1890. D. Alcoa Antitrust Act of 1890.
Larger firms can produce a product at lower average cost than small firms when:
A. economies of scope exist. B. cost complementarities exist. C. diseconomies of scale exist. D. economies of scale exist.
According to this Application, lower oil prices should ________ aggregate ________
A) increase; demand B) not change; demand C) decrease; demand D) decrease; supply