Refer to Figure 4.1. All else equal, a decrease in the government's budget deficit will cause
A) a shift from S1 to S2.
B) a shift from S2 to S1.
C) a change in the interest rate from r2 to r1.
D) a change in loanable funds from L2 to L1.
A
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How will an increase in population affect the labor market?
A) It will increase the supply of jobs. B) It will shift the market supply curve. C) It will cause a decrease in the quantity of labor demanded. D) It will increase the opportunity cost of leisure.
Why do many people choose to not read the manuals included with their new computer?
A) They perceive that learning by doing decreases costs faster than learning by reading. B) They perceive that learning by doing is more enjoyable than learning by reading. C) They perceive that learning by reading is not sophisticated. D) They perceive that learning by doing is better than learning by reading.