When consumers are willing to buy more than producers are willing to sell
A) there is excess demand for the product in the market.
B) the market is in equilibrium.
C) the demand curve will shift until the quantity supplied equals the quantity demanded.
D) there is excess supply of the product in the market.
A
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Assume that the government increases spending and finances the expenditures by borrowing in the domestic capital markets. If the nation has highly mobile international capital markets and a flexible exchange rate system, what happens to the quantity of real loanable funds per time period and net nonreserve-related international borrowing/lending in the context of the Three-Sector-Model?
a. The quantity of real loanable funds per time period rises, and net nonreserve-related international borrowing/lending becomes more negative (or less positive). b. There is not enough information to determine what happens to these two macroeconomic variables. c. The quantity of real loanable funds per time period falls, and net nonreserve-related international borrowing/lending becomes more positive (or less negative). d. The quantity of real loanable funds per time period and net nonreserve-related international borrowing/lending remain the same. e. The quantity of real loanable funds per time period rises, and net nonreserve-related international borrowing/lending becomes more positive (or less negative).
Which of the following is an example of a public good?
A. Amtrak rail transport services B. the provision of medical care C. services of the U.S. Post Office D. the provision of national defense
The aggregate production function shows that an economy increases its real GDP in the short run by
A) developing new technologies. B) increasing its physical capital stock. C) using more labor. D) exploring for new deposits of natural resources.
The business cycle is actually a continuous series of different __.
A. short-run macroeconomic equilibriums B. potential GDP values C. full-employment equilibriums D. nominal GPD vales