An increase in the price of a resource will cause a movement along the demand curve for that resource
a. True
b. False
A
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Keynesians argue that the crowding-out-effect is rather insignificant. True or False
According to the new growth theory
A) technology should be considered as a factor of production. B) technology is a natural by-product of invention. C) technology plays a minor role in economic development. D) technology provides few rewards to the society.
"According to the neoclassical growth theory, national incentives to save, invest, accumulate human capital, and develop new technology influence the country's growth rate of real GDP." Comment on the accuracy of the previous statement
What will be an ideal response?
A rise in the budget deficit
a. shifts both the supply of loanable funds in the market for loanable funds and the supply of dollars in the market for foreign-currency exchange right. b. shifts both the supply of loanable funds in the market for loanable funds and the supply of dollars in the market for foreign-currency exchange left. c. shifts both the demand for loanable funds in the market for loanable funds and the demand for dollars in the market for foreign-currency exchange right. d. shifts both the demand for loanable funds in the market for loanable funds and the demand for dollars in the market for foreign-currency exchange left.