Economics, according to its definition, studies how people:
a. earn and spend money. b. invest in the stock and bond markets.
c. make choices in the face of scarcity. d. supply goods in response to demand.
c
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China's government runs a budget surplus. As a result,
A) saving will exceed investment. B) if there is no Ricardo-Barro effect, the supply of loanable funds curve lies to the right of the private supply of loanable funds curve. C) the quantity of loanable funds decreases. D) interest rates should increase. E) the Ricardo-Barro effect predicts that the real interest rate will increase.
Differentiate between perfectly elastic supply and perfectly inelastic supply. When the price of a good is $100, 50 units are supplied. When the price increases to $300, 250 units are supplied. Calculate the price elasticity of supply of the good
What will be an ideal response?
How do firms estimate the demand for labor?
What will be an ideal response?
Who benefits from rising inflation?
A) those who already have fixed-rate loans B) those considering taking out a loan C) lenders that already made loans D) lenders considering whether to make new loans