The reward that lenders of loanable funds receive for delaying consumption and supplying loanable funds to the loanable funds market is called the
a. marginal factor cost
b. loanable funds
c. wage-related rent
d. interest rate
e. marginal revenue product
D
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Short-run equilibrium output is where the level of output:
A. equals aggregate expenditure. B. equals real GDP per capita. C. equals potential output. D. maximizes firm profits.
Economies of scale can be caused by all of the following except
a. price discounts for large scale purchases b. labor specialization c. use of more productive equipment d. increases in the firm's average total cost e. more cost-efficient methods of marketing
When income effects are small:
A. there is no difference between the uncompensated demand curve and the uncompensated demand curve. B. the uncompensated demand curve will be relatively far from the compensated demand curve. C. the compensated demand curve will intersect the uncompensated demand curve. D. the uncompensated demand curve lies close to the compensated demand curve.
The funds that firms use to buy capital come directly or indirectly from households.
Answer the following statement true (T) or false (F)