"I'm tired of eating muffins for breakfast. Today I am trying a bagel." This statement most clearly reflects the:
a. ceteris paribus condition
b. the law of supply.
c. law of diminishing marginal utility.
d. law of comparative advantage.
c
Economics
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The unemployment rate will decrease when
A) people get discouraged and quit looking for work. B) the age of the labor force increases. C) the average workweek falls from 40 to 39 hours. D) the duration of unemployment increases.
Economics
If there is no one who is interested in borrowing from a bank:
a. the bank's excess reserves will be zero. b. there will be no process of money creation. c. the required reserve ratio must be equal to zero. d. the required reserve ratio must be equal to 100 percent.
Economics