Why is efficiency desirable?
A. It is the most politically popular solution.
B. It results in the highest prices for the goods and services produced.
C. It makes best use of the available resources.
D. It results in an equal distribution of income.
Answer: C
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Empirical evidence indicates that higher real interest rates lead to ________ in savings.
A. modest decreases B. no change in C. substantial increases D. modest increases
Assume that you purchased a $1,000 perpetual bond and the interest rate on that bond declined from 5 percent to 2 percent. Thus,
a. the bond price increased by $1,500. b. you could sell this bond at a capital gain. c. if this was anticipated, the speculative demand for money fell. d. All of the above e. None of the above
Which of the following will NOT affect the position of the market supply curve for a good?
A) The government grants a subsidy to the producers for each unit of a good that they produce. B) The price of the good increases. C) The number of sellers in the market increases. D) There is an increase in the prices of the inputs used in production.
List some reasons why the aggregate demand curve of an economy may shift to the left