Which of the following could explain a decrease in the equilibrium interest rate and an increase in the equilibrium quantity of loanable funds?
a. The demand for loanable funds shifted rightward.
b. The demand for loanable funds shifted leftward.
c. The supply of loanable funds shifted rightward.
d. The supply of loanable funds shifted leftward.
c
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This Application addresses the economic concept of
A) procyclical investment. B) financial intermediaries. C) present value. D) the multiplier-accelerator model.
Compensation paid to employees represented ________ of GDP for the United States in 2014
A) about 5 percent B) approximately 15 percent C) 35 percent D) more than 50 percent
The law of diminishing return holds that as additional increments of resources are:
a. added to a certain purpose, the marginal benefit from those additional increments will remain flat. b. removed to a certain purpose, the marginal benefit from those additional increments will decline. c. added to a certain purpose, the marginal benefit from those additional increments will incline. d. added to a certain purpose, the marginal benefit from those additional increments will decline.
Whenever technology advances, an economy can produce more output with
A. More resources. B. No resources. C. Current resources. D. Fewer resources.