In the recent Global Economic Crisis, the growing unwillingness of banks and non bank financial institutions to grant loans caused
A) LM curve to shift to the right.
B) LM curve to shift to the left.
C) IS curve to shift to the left.
D) LM curve to shift to the right.
C
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Explain the relationship between economic growth and labor productivity
What will be an ideal response?
For which of the following goods is the income elasticity of demand likely to be largest?
a. paperback mystery stories b. best-selling hardcover novels c. used textbooks d. children's books e. leather-bound editions of Shakespeare
Which of the following would be an example of applied research?
A. Research into the effects of zero-gravity environments on plant life B. Research into the use of new combustion techniques that could increase gas mileage in vehicle engines C. Studies of the earth's climate 5,000 to 6,000 years ago D. Research into string theory in advanced subatomic physics
Oligopoly is ________ to analyze because of the interdependence that usually exists among oligopolistic firms.
A. difficult B. fairly easy C. very easy D. impossible