When wealth ________, saving supply ________, and the supply of loanable funds curve shifts ________
A) increases; increases; rightward
B) decreases; decreases; leftward
C) increases; increases; leftward
D) increases; decreases; leftward
E) decreases; decreases; rightward
D
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Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward
Which of the following is included in M1 and M2?
a. traveler's checks b. savings deposits c. money market mutual funds d. small time deposits
The equation of exchange is an ________ while the quantity theory of money is a theory that ________.
A. accounting identity; assumes velocity is held constant B. accounting theory; economists use to explain changes in real Gross Domestic Product (GDP) C. accounting identity; assumes the money supply is constant D. accounting theory; assumes the price level is constant
An organization that converts inputs (like Labor, Capital etc.) into output can be a
A) firm. B) sole proprietorship. C) corporation. D) All of the above.