In the open-economy macroeconomic model, if the supply of loanable funds shifts right
a. the interest rate rises and the demand for dollars in the market for foreign currency exchange shifts right.
b. the interest rate rises and the demand for dollars in the market for foreign currency exchange shifts left.
c. the interest rate falls and the supply of dollars in the market for foreign-currency exchange shifts right.
d. the interest rate falls and the supply of dollars in the market for foreign currency exchange shifts left.
c
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Use the table below to answer the following question.PriceQuantity Supplied$101089684726Over the $8 to $6 price range, supply is
A. zero. B. unit-elastic. C. elastic. D. inelastic.
With respect to labor supply, the income effect leads a person to want to work more in order to raise his or her income
Indicate whether the statement is true or false
Suppose the production possibilities for two countries, producing either food or clothing, are shown in the above figure. The United States has a comparative advantage in producing
A) food. B) clothing. C) food and clothing. D) neither good.
When economists compare monopoly to the monopolistic competitive market, they show that the latter generates
a. fewer choices for consumers b. higher prices for consumers c. higher economic profit (the sum of the economic profit of all firms) d. less output because monopolies are more efficient e. lower prices for consumers