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If crowding out is a significant problem, then when the government borrows to increase its spending the real interest rate will ____________ and the equilibrium quantity of loanable funds will ________________.
rise; fall proportionately more
rise; fall proportionately less
fall; rise proportionately more
fall; rise proportionately less
A firm facing perfect competition is known as a price taker and therefore cannot employ the use of _______?
Suppose a market is in equilibrium. Then a change occurs and the equilibrium price decreases while the equilibrium quantity increases. What change occurred in the market to cause these changes to price and quantity?
In terms of data types and their uses, which one of the following is NOT correct? The TEXT data type can be used for Last Name. The Date/Time data type can be used for 10/31/2012. The Currency data type can be used for Account balance. The AutoNumber..
There are several United States agencies/organizations that work together to strengthen the United States' competitiveness in the trade industry, promote trade and investment, and ensure fair trade and compliance with trade laws and agreements. Some ..
The Shakespeare Theatre has a monopoly on productions of Othello in Washington, DC. They hire you to analyze whether o?ering a “young adult” discount could help increase pro?ts. After some economic analysis, you discover that the demand curve for Oth..
A market has linear market MC (might be supply) and demand curves. No one will buy the good if the price is above $200 and the firm will not produce the good if the price is below $20. Calculate the consumer surplus and producer surplus if this is a ..
Consider an industry with 2 firms, each having marginal cost equal to zero. The inverse demand function facing this industry is. If firm 1 as follower and firm 2 behaves as leader, calculate the Stackelberg equilibrium output.
Jen recently inherited a painting and soon will have it appraised by a professional. Jen believes there is a 75% chance that it is authentic, in which case it's net worth is $400. However, there is a 15% chance that it is a fake, in which case it's n..
This problem requires an understanding of how economic conditions affect interest rates and bond yields. Using the information available to you, forecast the direction of U.S. interest rates. Assume that the perceived risk of corporations in the Unit..
Suppose the firm chooses this input combination. What is the firm’s short run cost function? What are the firm’s fixed costs? What are the firm’s variable costs?
Politicians concerned with climate change are proposing that a tax on electricity should be implemented with the hope that it will incentivize energy abatement. But they are also want to structure a policy such that it is the producers of electricity..
Melinda, who works in a jewelry store owned by Cindy, was picking up some gemstones for use in the store. On the way back to the jewelry store, she went through a drive-through fast food restaurant to get a soda. While in line, she negligently bumped..
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