In the open-economy macroeconomic model, the market for loanable funds identity can be written as
a. S = I
b. S = NCO
c. S = I + NCO
d. S + I = NCO
c
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If there are many employers in a market and each has limited market power, the demand for labor is likely to be characterized as
A. Monopsonistic. B. Oligopolistic. C. Monopolistic. D. Competitive.
The MC curve slopes upward due to
A. increasing returns to scale. B. diminishing returns. C. constant returns to scale. D. decreasing returns to scale.
Economic discrimination occurs when two equal factors of production are paid differently.
Answer the following statement true (T) or false (F)
At higher nominal rates of interest, the demand for real balances is:
a. higher because savers can earn higher returns. b. lower because the opportunity cost of holding those funds is higher. c. invariant with respect to the nominal interest rate. d. inversely related to the price level.