What is the source of the demand for loanable funds in the open-economy macroeconomic model?
investment and net capital outflow
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After the price of Revlon nail polish increased, Jen stopped buying Revlon nail polish and started buying a cheaper brand of nail polish instead. This is called:
A. a decrease in the seller's reservation price. B. the income effect of a price change. C. the substitution effect of a price change. D. a decrease in the buyer's reservation price.
________ is concerned with the distribution of resources across society
A) Social surplus B) Equity C) Efficiency D) Utility
The demand curve for a monopolist's output is
a. horizontal. b. shallower than the market demand curve. c. steeper than the market demand curve. d. identical to the market demand curve.
A reduction in the level of unemployment would have which effect with respect to the nation's production possibilities curve?
A. It would shift the curve to the left. B. It would shift the curve to the right. C. It would not shift the curve; it would be represented by moving from a point inside the curve toward the curve. D. It would not shift the curve; it would be represented by moving from a point on the curve to a point outside the curve.