In the figure above, if the interest rate is 8 percent, people demand $0.1 trillion
A) less money than the quantity supplied and the interest rate will rise.
B) less money than the quantity supplied and the interest rate will fall.
C) more money than the quantity supplied and the interest rate will fall.
D) more money than the quantity supplied and the interest rate will rise.
B
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The opportunity cost of more capital goods today is
A) fewer capital goods in the future. B) fewer consumer goods in the future. C) fewer consumer goods today. D) more unemployed resources in the future.
Refer to Scenario 2. Based on the 95 percent confidence intervals for each of the partial regression coefficients, which independent variable is statistically different from zero and why?
What will be an ideal response?
The long boom ended in
A) 1999. B) 2001. C) 2008. D) 2012.
If all consumers had identical preferences, then their marginal utility schedules would be the same
a. True b. False Indicate whether the statement is true or false