Economists predict that the __________ the cost of shirking to an individual, the __________ shirking that individual will undertake, ceteris paribus.
A) lower; less
B) higher; less
C) lower; more
D) higher; more
E) b and c
Answer: E) b and c
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A higher reserve requirement
A. Further limits deposit creation. B. Increases the ability of banks to make loans. C. Increases the borrowing capability of borrowers. D. Lowers the interest rate.
When the inflation rate is negative, the
A) real interest rate is greater than the nominal interest rate. B) real interest rate is less than the nominal interest rate. C) nominal interest rate is zero. D) real interest rate equals the nominal interest rate.
Based on the data in the table above, what is the value of M2?
A) $2,950 billion B) $4,187 billion C) $7,978 billion D) $8,587 billion
Marginal Revenue Product with three units of labor would be
A. $160.
B. $200.
C. $260.
D. $460.