As the economy enters an expansion so that people's expected future incomes rise, there will be
A) a decrease in the nominal interest rate.
B) a leftward shift in the supply of loanable funds curve.
C) an increase in the supply of loanable funds.
D) a leftward shift in the demand for loanable funds curve.
E) None of the above answers is correct.
C
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The economy is undergoing a recession that has reduced consumers' incomes. In the computer chip market, this will lead to
A) an increase in price and a decrease in quantity. B) an increase in price and an increase in quantity. C) a decrease in price and a decrease in quantity. D) a decrease in price and an increase in quantity.
____ mean that the costs involved cannot be recouped for a considerable period of time
a. Sunk costs b. Opportunity costs c. Overheads d. Restructuring costs
Which of the following is false?
A. The completion of the national railroad network by 1890 led to the development of a national American market rather than just a series of smaller regional markets. B. Northern manufacturers benefited from high protective tariffs, which kept out cheaper British goods. C. The U.S. was the first mass-consumption society. D. Aside from slavery, southern and northern agriculture were very similar.
Which of the following nations has had the lowest unemployment rate since 2004?
A. Germany B. Japan C. United States D. France