A country has GDP of $700 billion, consumption of $450 billion, government expenditures of $100 billion, and domestic investment of $200 billion. What is its supply of loanable funds?
a. $350 billion
b. $250 billion
c. $200 billion
d. $150 billion
d
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Explain the difference between a movement along the aggregate demand curve and a shift of the aggregate demand curve
What will be an ideal response?
Ithout productivity growth, what is the longrun effect of labor migration on the receiving country?
a. There will be an increase in production of the laborintensive good. b. Wages will fall. c. Returns to capital will increase. d. None of these is the longrun effect.
If the opportunity costs of producing a good increase as more of that good is produced, the economy's production possibility frontier will be
A. a negatively sloped straight line. B. negatively sloped and "bowed inward" toward the origin. C. negatively sloped and "bowed outward" from the origin. D. a positively sloped straight line.
Marginal cost is ________ average variable cost when ________.
A. equal to; average total cost is minimized B. less than; total cost is maximized C. equal to; average variable cost is minimized. D. greater than; average fixed cost is minimized