_____ have the ability to recognize constraints and may choose to incur the costs of altering them
a. Economists
b. Rational people
c. Entrepreneurs
d. Research groups
B
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Does a subsidy to sellers affect the supply curve?
A. Yes, it shifts supply vertically downward by the amount of the subsidy. B. Yes, it shifts supply to the right by the amount of the subsidy. C. No, the quantity supplied will increase, but the supply curve does not move. D. No, the quantity supplied will decrease, but the supply curve does not move.
Crowding out will lead to a decrease in supply of loanable funds, a decrease in real interest rates, and subsequently a decrease in spending by households and firms
a. True b. False Indicate whether the statement is true or false
Which of the following lists gives factors that increase labor productivity?
A) expansion of human capital, labor force increases, and discovery of new technologies B) expansion of human capital, population growth, and discovery of new technologies C) saving and investment in physical capital, and wage increases D) labor force increases and wage increases E) saving and investment in physical capital, expansion of human capital, and discovery of new technologies
How does conventional monetary policy work?
A. Fed selects target rate, uses OMO to change supply of reserves, and changes money supply to move to target B. changes supply of bank reserves through OMO, changes price of reserves, Fed Funds rate changes other interest rates C. changes money supply through OMO, changes Fed Funds rate D. all of the above