As a result of the government's rescue of financial firms and the auto industry in 2008, which of the following occurred?
i) The government's demand for loanable funds increased the real interest rate.
ii) Investment expenditures were crowded out.
iii) The supply of loanable funds curve shifted leftward.
A) ii and iii B) i only C) ii only D) i and ii E) i, ii and iii
D
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Which of the following statements is NOT consistent with new growth theorists' beliefs?
A) Innovation can lead to lower productivity costs. B) Inventions are much more important than innovation. C) Technology must be understood in terms of what drives it. D) Rewards lead to technological advances.
If a consumer experiences a decrease in income, the new budget constraint will have the same slope as the old budget constraint
a. True b. False Indicate whether the statement is true or false
The price of a 32GC iPhone is $299. What is the function of money in this context?
A) a medium of exchange B) a means of payment C) a unit of account D) a measure of quality
Your upstairs neighbor has the right to practice his clog dancing at night. But you find the best time to study is at night, and the noise from the clog dancing makes it hard for you to concentrate. You tell your neighbor that you will wash his car every week if he does not practice his clog dancing at night and he agrees to this. This is an example of the
A. drop-in-the-bucket problem. B. fallacy of composition. C. free-rider problem. D. Coase theorem.