If there is an increase in interest rates then we can expect investment spending to _____ and consumption spending to _______.
Fill in the blank(s) with the appropriate word(s)
Answer: decrease : decrease
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At any wage rate, the quantity of welders willing to work is less than the quantity of tomato pickers. Why?
What will be an ideal response?
Twenty-four months after a 1 percentage point increase in the short-term (Treasury bill) interest rate, real GDP have fallen by about ________ in 1961-75, by ________ during 1976-1990, and by ________ during 1991-2007 period. 88-2004
A) 2%, 1%, 3% B) 0.1%, 2%, 1.8% C) 1.8%, 0.9%, 0.2% D) 0.2%, 0.1%, 0.9%
An excess benefit from corrective taxation arises because the tax revenues can be spent on compensation
a. True b. False
Refer to the figure above. If the monopolist faces a constant marginal cost of $10, what is the optimal quantity that it should produce?
A) 20 units B) 30 units C) 40 units D) 80 units