If the economy is on the LM curve, but is to the left of the IS curve, aggregate output will ________ and the interest rate will ________
A) rise; rise
B) rise; fall
C) fall; rise
D) fall; fall
A
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Refer to the table above. What is the total benefit that the consumer derives when he consumes 4 quarts of milk?
A) $8 B) $22 C) $24 D) $25
When barriers to trade are imposed, we should expect some groups to be harmed at the expense of other groups
a. True b. False Indicate whether the statement is true or false
What are the effects of migration from developing nations?
a. It entices workers from industrial economies to emigrate to developing nations. b. It improves the technical efficiency of the developing nation's workforce. c. It provides a valuable safety valve for poor nations. d. It prevents brain drain.
Firms that extend credit to borrowers using funds raised from savers are called:
A. bond dealers. B. central banks. C. financial intermediaries. D. stock brokers.