Technological advancements that increase labor's productivity shift the labor supply curve to the right
Indicate whether the statement is true or false
FALSE
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The table above gives data for the nation of Syldavia. The official settlements account has a
A) $40 billion surplus. B) balance of $380 billion. C) $30 billion deficit. D) zero balance. E) $40 billion deficit.
In a monopolistically competitive market if the additional revenue generated from advertising equals the additional cost of advertising, the firm should
A) advertise more to increase sales. B) advertise more to lower marginal costs. C) maintain its current amount of advertising. D) advertise less to decrease costs.
The supply of loanable funds slopes
a. upward because an increase in the interest rate induces people to save more. b. downward because an increase in the interest rate induces people to save less. c. downward because an increase in the interest rate induces people to invest less. d. upward because an increase in the interest rate induces people to invest more.
The fractional reserve banking system requires that banks hold a certain fraction of their _______ in reserves.
Fill in the blank(s) with the appropriate word(s).