Which of the following factors does NOT shift the supply of loanable funds curve?
i. change in disposable income
ii. change in wealth
iii. change in expected profit
A) i only B) ii only C) iii only D) ii and iii E) i and ii
C
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A major U.S. motive for negotiating a free-trade agreement with Mexico was
a. to gain increased access to Mexico's huge oil reserves b. to achieve ultimately political union with Mexico c. as a stepping-stone to the formation of a free-trade bloc in the whole Western Hemisphere d. to appease Canada e. to appease GATT
Which of the following could trigger supply-side inflation?
a. a decrease in the wage rate for all workers b. an increase in raw materials' prices c. an increase in productivity of capital d. an increase in the labor force
Proponents of Fed independence maintain that
a. independence helps ensure low unemployment rates. b. money is too important to be left to the bankers. c. independence permits objective decisions not based on politics. d. only the Federal Reserve knows how to act wisely.
New discoveries of lead, zinc, and copper will reduce prices.
Answer the following statement true (T) or false (F)