All else equal, a decrease in government borrowing is likely to cause a(n):
A) upward movement along the credit demand curve.
B) rightward shift of the credit demand curve.
C) leftward shift of the credit demand curve.
D) downward movement along the credit demand curve.
C
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All of the following are examples of illegal per se activities except which one?
A) output restrictions B) bid rigging C) market division D) resale price maintenance
Attempts by the government to reduce the rate of inflation often result in higher unemployment in the short run.
Answer the following statement true (T) or false (F)
A person's productive contribution in a capitalist society is measured by determining the
A) market value of the individual's output. B) comparable output of other workers in similar jobs. C) total number of goods produced by the individual. D) index of occupational values.
Kyle receives two free passes to the symphony as a bonus at work. He has never been to the symphony before and would probably not buy such tickets for their face value of $120. Kyle decides to use the tickets rather than sell them at face value. This type of behavior is:
A. rational, since Kyle does not ignore his sunk cost of $120. B. irrational, since Kyle would not pay $120 for the tickets, yet gives up $120 by not selling them. C. rational, since Kyle can check out the symphony and not have to pay for it himself. D. irrational, since Kyle ignores his sunk cost of $120.