Which of the following are required for economic growth?
i. more goods and services produced per hour of work
ii. an increase in the average hours of labor per person
iii. an increase in prices
A) i only B) ii and iii C) ii only D) i and iii E) i and ii
E
Economics
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An increase in the expected profit from new capital brings about a
A) movement down along the demand for loanable funds curve. B) movement up along the demand for loanable funds curve. C) rightward shift of the demand for loanable funds curve. D) leftward shift of the demand for loanable funds curve. E) rightward shift of the supply of loanable funds curve.
Economics
If demand is elastic, a price reduction will lead to an increase in total revenue.
Answer the following statement true (T) or false (F)
Economics