Classical economics was mainstream economics from about _______ to about _______.
Fill in the blank(s) with the appropriate word(s).
1775 to 1930
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Suppose the real interest rate rises and the quantity of loanable funds decreases. These changes could have been the result of
A) firms expecting higher future profits. B) an increase in disposable income. C) an increase in household wealth. D) a decrease in the default risk.
________ real GDP increases the demand for money and ________ the nominal interest rate decreases the quantity of money demanded
A) Increasing; increasing B) Increasing; decreasing C) Decreasing; increasing D) Decreasing; decreasing
Which of the following generates productive efficiency?
A) government inspectors B) government production rules and regulations C) competition among sellers D) competition among buyers
Which of the following are complementary resources?
a. margarine and butter used in baking b. sugar and honey used in cereals c. a teacher and a chalkboard d. rye and wheat bread used in a sandwich shop e. a typewriter and a personal computer used in an office