The interest rate will _____ and the quantity of loanable funds invested will _____ when the government decreases the budget deficit
Fill in the blank(s) with correct word
fall, increase
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An activity should be undertaken if the marginal benefit of the activity is greater than the marginal cost of the activity
Indicate whether the statement is true or false
Usury laws are a form of price __________.
Fill in the blank(s) with the appropriate word(s).
Data for an economy shows that the unemployment rate is 10 percent, the participation rate 80 percent, and 200 million people 16 years or older are not in the labor force. How many people are in the working-age population in this economy?
A. 800 million B. 250 million C. 1.6 billion D. 1.0 billion
Price discrimination refers to:
A. selling a given product for different prices at two different points in time. B. any price above that which is equal to a minimum average total cost. C. the selling of a given product at different prices to different customers that do not reflect cost differences. D. the difference between the prices a purely competitive seller and a purely monopolistic seller would charge.