An increase in the quantity of capital shifts the ________ curve ________ and the ________ curve ________.
What will be an ideal response?
LAS curve; rightward; SAS curve rightward
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People do not usually behave in a noncooperative fashion even when it is in their immediate interest to do so because
A) they realize such behavior is immoral. B) they know there can be 2 winners. C) they know they will have repeated dealings with the other people. D) they understand the difficulties with game theory.
A futures contract is an example of:
A. a contract that is traded but is not a financial instrument. B. an instrument used solely by financial institutions. C. a derivative instrument. D. a high-risk security that will only have value if certain events occur.
Savings are an example of
A) a depreciation concept. B) a flow concept. C) a stock concept. D) an investment concept.
The more people try to save, the more national income falls and saving, in spite of people's efforts and desire to save more, remains unchanged. This phenomenon is known as the paradox of
a. saving b. denied investment c. thrift d. frustration e. intentions