On a graph that depicts the market for loanable funds, the nominal interest rate is measured along the vertical axis
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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If a good is labor intensive it means that the good is produced
A) using relatively more labor than goods that are not labor intensive. B) using labor as the only input. C) using more labor per unit of output than goods that are not labor intensive. D) using labor such that the total cost of labor is greater than the total cost of capital. E) using labor such that the cost of labor is more than 50% of total cost.
Economics
The intellectual leader of new classicals is
A) Edward Prescott. B) John Taylor. C) Stanley Fischer. D) Ben Bernanke.
Economics