Which of the following statements is correct?
a. from the bank's point of view, loans to customers are assets of the bank
b. from the bank's point of view, loans to customers are liabilities of the bank
c. from the customer's point of view, loans to customers are assets of the customer
d. from the customer's point of view, loans to customers are liabilities of the customer
e. a and b only
f. a and d only
Indicate whether the statement is true or false
f
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If a professional organization imposes strict licensing procedures that increase entry costs for new members, then labor
a. supply will fall, and the equilibrium wage rate will rise b. supply will fall, and the equilibrium wage rate will fall c. supply will rise, and the equilibrium wage rate will fall d. demand will rise, and the equilibrium wage rate will rise e. demand will rise, labor supply will fall, and the equilibrium wage rate will rise
Aggregate demand decreases and real output falls, but the price level remains the same. Which factor most likely contributes to downward price inflexibility?
A. The wealth effect. B. Business taxes. C. Fear of price wars. D. The multiplier effect.
The labor force is the sum of the working-age population and the number of unemployed people
Indicate whether the statement is true or false
Explain briefly what will likely happen to society if it chooses to produce more capital goods and fewer consumption goods
What will be an ideal response?