According to an old saying, when too much money is chasing too few goods, we have a(n)

An increase in the interest rate will increase the demand for loanable funds

a. True b. False Indicate whether the statement is true or false

Output per capita will tend to increase if the labor force participation rate in a country ____ or if workers put in ____ hours. a. rises; longer

b. rises, shorter. c. falls; longer. d. falls; shorter