If individuals start paying off the large amount of credit card debt they now hold,
A) the supply of loanable funds will shift rightward.
B) the supply of loanable funds will shift leftward.
C) the demand for loanable funds will shift rightward.
D) the demand for loanable funds will shift leftward.
E) an excess demand for loanable funds emerges and persists.
D
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The turnover view of unemployment stresses that
A) most job vacancies have skill requirements not possessed by the unemployed. B) many job vacancies are located in different areas of the country than are the unemployed. C) there exist incentives for workers to refuse to accept jobs. D) there exists racial/and or sex discrimination against some workers.
Use the concept of intertemporal substitution to explain how, in real business cycle models, a change in potential output causes an immediate change in actual output
What will be an ideal response?