If the real interest rate rises,
A) the quantity of loanable funds demanded decreases.
B) the demand for loanable funds curve shifts leftward.
C) the demand for loanable funds curve shifts rightward.
D) the quantity of loanable funds demanded increases.
E) there is is movement down along the demand for loanable funds curve.
A
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When an individual's wage rises, the substitution effect tends to:
a. increase hours worked. b. decrease hours worked. c. leave hours worked unchanged. d. an impossible prediction about what will happen to hours worked.
Which of the following statements concerning opportunity costs is false?
a. Opportunity costs are only expressed in money terms. b. Every choice involves opportunity costs. c. Opportunity costs are the highest-valued alternatives that must be forgone when a choice is made. d. The concept of opportunity cost is used to demonstrate scarcity. e. Economists refer to the forgone benefits of the next-best alternative as opportunity costs.