Which of the following will be a source of economic growth
a. an increase in inflation
b. an improvement in technology
c. a reduction in the labor force
d. an increase in JSU football touchdowns
Ans: b. an improvement in technology
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Analysts have attempted to model the impact of monetary policy on net worth by emphasizing
A) the impact of lower interest rates on business spending on fixed investment. B) the impact of lower interest rates on household spending on housing and durable goods. C) the liquidity of balance sheet positions as a determinant of business and household spending. D) the greater variability of business spending compared to household spending.
Which of the following would shift the supply curve of loanable funds?
a. a change in the marginal physical product of capital b. a change in consumers' preferences for present and future consumption c. an increase in the price of the good produced by capital d. an increase in the interest rate e. a new productivity-improving technology
A tax on sellers increases the quantity of the good sold in the market
a. True b. False Indicate whether the statement is true or false
In a perfectly competitive market:
A. only price adjusts in both the short run and the long run. B. only quantity adjusts in both the short run and the long run. C. price does more of the adjusting in the short run and quantity does more of the adjusting in the long run. D. price does more of the adjusting in the long run and quantity does more of the adjusting in the short run.