Stagflation could be caused solely by a shift in the aggregate demand curve
a. True
b. False
Indicate whether the statement is true or false
False
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List the factors that influence the supply of loanable funds and the factors that influence the demand for loanable fund.
What will be an ideal response?
The substitution effect of a wage decrease examines the effect of the decrease in wage income on a worker's ability to consume goods and services
Indicate whether the statement is true or false
From 1860 to 1910, international net capital flow into the U.S
(a) was positive when the U.S. economy expanded. (b) was neutral and not influenced by the U.S. business cycle. (c) was negative when the U.S. economy grew. (d) was positively impacted by U.S. discussions about and actual restrictions on immigration.
For each of the following cost functions, if possible, find minimum AC and minimum AVC
a. TC = 40,000 + 20 Q b. TC = 1000 + 2Q + 0.1 Q2