In the above figure, if the interest rate is 2 percent per year, the ________ because ________
A) demand for money curve will shift; the quantity of money demanded is less than the quantity of money supplied
B) demand for money curve will shift; the quantity of money demanded is greater than the quantity of money supplied
C) interest rate will change; the quantity of money demanded is less than the quantity of money supplied
D) interest rate will change; the quantity of money demanded is greater than the quantity of money supplied
E) supply of money curve will shift; the quantity of money demanded is greater than the quantity of money supplied
D
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In the above table, what is marginal product of labor for the 2nd worker?
A) 20 B) 8 C) 10 D) 12
Statutory incidence of a tax deals with
A. the amount of revenue left over after taxes. B. the amount of taxes paid after accounting for inflation. C. the person(s) legally responsible for paying the tax. D. the amount of tax revenue generated after a tax is imposed.
Real consumption tends to be
A) procyclical and less variable than real GDP. B) procyclical and more variable than real GDP. C) countercyclical and less variable than real GDP. D) countercyclical and more variable than real GDP.
People tend to remain in those occupations that require continuous time and financial commitments to remain productive
a. True b. False Indicate whether the statement is true or false