An increase in the government budget deficit shifts the supply of loanable funds to the left
a. True
b. False
Indicate whether the statement is true or false
True
You might also like to view...
In effect, banks are able to charge
A) depositors for banks' superior information about borrowers. B) borrowers for banks' superior information about depositors. C) the government for banks' superior information about borrowers and depositors. D) interest rates that are in fact above those legally allowed.
Income elasticity of demand describes how change in income affects the quantity demanded of a good
a. True b. False Indicate whether the statement is true or false
Which of the following is NOT a component of gross domestic product?
A. net exports B. government purchases C. purchases by consumers of used goods D. purchases by consumers of finished goods
When you produce cars, it is enormously expensive to produce one car, but ultimately the costs per car decrease as more are produced. This would be an example of:
A. decreasing marginal opportunity costs. B. constant marginal opportunity costs. C. increasing returns to scale. D. increasing marginal opportunity costs.