During the Great Recession of 2007-2009, the investment demand curve shifted:
A. Left because of very low interest rates
B. Right because of very low interest rates
C. Left because of declines in expected returns
D. Right because of reductions in tax rates
C. Left because of declines in expected returns
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Compared to proportional-representation systems, two-party systems are thought to:
A. lead to more diverse views in the policy process. B. create unwieldy combinations of policies within one platform. C. offer a wider variety of platforms among which voters can choose. D. be much less efficient and lead to very few compromises when voting.
A firm's demand schedule for labor services
A. is independent of the demand for the firm's output. B. will not change if technology changes. C. depends on the amount of other inputs used by the firm. D. is not related to the price of the firm's output.
A trade surplus occurs when:
A. The dollar value of exports exceeds the dollar value of imports. B. The gains from trade are not fully realized. C. A country does not have a comparative advantage in any goods. D. The cost of goods is so high that imports exceed exports.
Complements
What will be an ideal response?