An increase in wages will shift the supply curve up and to the left
Indicate whether the statement is true or false
TRUE
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An increase in the real interest rate results in which of the following?
A) an increase in the demand for loanable funds B) a decrease in the demand for loanable funds C) an increase in the quantity of loanable funds supplied D) Both B and C will occur as a result of an increase in the real interest rate.
Changes in government spending are not likely causes of business cycles because changes in government spending predict
A) countercyclical real wages. B) procyclical real wages. C) countercyclical employment. D) procyclical employment.
Cash distributions made by government to individuals when no good or service is received in exchange are known as __________.
A. Taxes B. Transfer payments C. Poverty payments
Explain and give examples of invention. What does government do to protect it?
What will be an ideal response?