A theory is a(n)
a. answer to a problem.
b. way to explain the result an economist wants.
c. tool to help determine the answer to a problem.
d. a graph.
c. tool to help determine the answer to a problem.
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Real income is redistributed from ________ in the case of ________ deflation
A) creditors to debtors, anticipated B) creditors to debtors, unanticipated C) debtors to creditors, anticipated D) debtors to creditors, unanticipated
A rise in the budget deficit
a. shifts both the supply of loanable funds in the market for loanable funds and the supply of dollars in the market for foreign-currency exchange right. b. shifts both the supply of loanable funds in the market for loanable funds and the supply of dollars in the market for foreign-currency exchange left. c. shifts both the demand for loanable funds in the market for loanable funds and the demand for dollars in the market for foreign-currency exchange right. d. shifts both the demand for loanable funds in the market for loanable funds and the demand for dollars in the market for foreign-currency exchange left.
Search and wait unemployment is another way to describe
A. frictional unemployment. B. noncyclical unemployment. C. structural unemployment. D. cyclical unemployment.
One essential trade-off involving business risk which the market system provides is reflected in which of the following?
A. Access to the firm's profits and gains are open only to those who take on the business risk of the firm B. Those who receive guaranteed payments from the firm are also guaranteed a share of the firm's profits C. Those who make bad decisions regarding risk will suffer losses; those who decide wisely will gain profits D. Those who bear the business risk of the firm are guaranteed to always gain profits