A government budget deficit will lead to:
a. an increase in the supply of loanable funds and an increase in real interest rates.
b. a decrease in the supply of loanable funds and an increase in real interest rates.
c. an increase in the supply of loanable funds and a decrease in real interest rates.
d. a decrease in the supply of loanable funds and a decrease in real interest rates.
b
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What would be the impact of a virus that infected the Midwestern corn crop?
a. Price of corn increases and the price of wheat decreases b. Price of corn decreases and the quantity of wheat increases c. Quantities of corn and wheat increase d. Quantity of corn decreases and the price of wheat increases
A point on a production possibilities curve indicates
A) resources are not being used efficiently. B) resources are being used efficiently. C) opportunity costs are constant. D) an output combination that can be attained only if society gets more resources or there is technological change.