If people have a sudden decrease in confidence in the open economy of the U.S. and no longer want to invest there, the NCO:
A. increases, and the demand for loanable funds curve would shift right.
B. decreases, and the demand for loanable funds curve would shift left.
C. decreases, and the demand for loanable funds curve would shift right.
D. increases, and the demand for loanable funds curve would shift left.
A. increases, and the demand for loanable funds curve would shift right.
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Suppose the government abolished the minimum wage law and the law that requires union wage rates to be paid on all government contract jobs. We would expect to see
A) a recession. B) the duration of unemployment to increase. C) a decline in the natural rate of unemployment. D) an increase in claims for unemployment benefits.
The South African diamond production monopoly is an example of monopoly through
A. “patent power.” B. legal restriction. C. control of scarce resources. D. large sunk costs.
Look in your wallet. Your credit cards are
a. M1 money b. M2 and fiat money c. fiat money d. near money e. not money
You own the video game Grand Theft Auto V. The opportunity cost of playing this game for the second time
A. is the value of the alternative use of the time you spend playing the game. B. is one-half the cost of the game, as this is the second time you have played it. C. is zero. D. cannot be calculated.