Other things being equal, an increase in the rate of interest causes
a. an upward movement along the demand for money curve.
b. a downward movement along the demand for money curve.
c. a rightward shift of the demand for money curve.
d. a leftward shift of the demand for money curve.
A
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Probably the most important source of efficiency in production is
A. investing in more capital goods. B. consuming rationally. C. expanding the production possibilities frontier. D. increasing inputs of energy and raw materials. E. the specialization of labor.
What is another term for total surplus?
a. efficiency b. consumer surplus c. social surplus d. deadweight loss
In the short run, and especially when unemployment is high, crowding in is the stronger force. The short-run effects of government’s financial rescue program and fiscal stimulus package helped the economy increase aggregate demand curing the Great Recession.
Answer the following statement true (T) or false (F)
Refer to Figure 9.1. The firm's profit stays the same whether it produces:
A. 0 or 50 units of output.
B. 50 or 85 units of output.
C. 0 or 85 units of output.
D. 0, 50 or 85 units of output.