When the interest rate falls, the level of investment in the economy
a. falls
b. is unaffected
c. shifts to the left
d. rises
e. shifts to the right
D
Economics
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Refining gasoline for our cars requires a very specialized resource, crude oil. As a result, the
A) demand for gasoline is price elastic. B) demand for gasoline is price inelastic. C) supply of gasoline is price elastic. D) supply of gasoline is price inelastic.
Economics
Annie had a job as a human resource manager of a restaurant chain that went out of business due to a downturn in the economy. This is an example of
A) cyclical unemployment. B) structural unemployment. C) seasonal unemployment. D) technological unemployment.
Economics