The basic economic problem of ________ has always existed and will continue to exist
A) inflation B) recession C) efficiency D) scarcity
D
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A determinant of the supply of loanable funds is:
A. current economic conditions. B. expected profit on an investment. C. investors’ confidence. D. All of these are determinants of the supply of loanable funds.
If the quantity of peanut butter demanded increases by 4% when the price of jelly decreases by 2%, the cross-price elasticity of demand between peanut butter and jelly is
A. -4. B. -2. C. -0.5. D. 2.
Refer to the information provided in Figure 19.1 below to answer the question(s) that follow. Figure 19.1 Refer to Figure 19.1. The employers? tax burden is
A. $2,100. B. $700. C. $1,400. D. $0.
Which action will tend to decrease aggregate supply according to supply-side economists?
A. A decrease in government spending B. An increase in the stock of capital C. A decrease in the money supply D. An increase in marginal tax rates