Which of the following will both make people buy more?
a. wealth and interest rates rise.
b. wealth rises and interest rates fall.
c. wealth falls and interest rates rise.
d. wealth falls and interest rates fall.
b
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Assuming the standard assumptions, in a repeated-play ultimatum game, the first player's best strategy in the last round is to:
A. split the money evenly with a bit more going to him or herself. B. take all the money for oneself. C. give the most money to the opponent. D. give the most money to oneself.
The law of increasing opportunity cost means that:
A) higher wages, rents, and interest will increase opportunity costs. B) opportunity cost will decrease the more you decide to produce more of one good along a production possibilities curve. C) opportunity cost increases when you produce more of one good while moving along a production possibilities curve. D) costs of production decrease at first, but then eventually rise.
Open market operations refer to the purchase or sale of ________ to control the money supply
A) corporate bonds and stocks by the Federal Reserve B) U.S. Treasury securities by the Federal Reserve C) corporate bonds and stocks by the U.S. Treasury D) U.S. Treasury securities by the U.S. Treasury
Human capital shortages are not a barrier to economic growth in developing countries.
Answer the following statement true (T) or false (F)