Which of the following decreases the demand for loanable funds and shifts the demand for loanable funds curve leftward?
A) The real interest rate rises.
B) The economy experiences a recession.
C) Wealth decreases.
D) Technology that increases productivity is introduced.
E) An economy experiences a rapid increase in population.
B
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Which of the following is included in U.S. GDP?
i. the rental value of homes owned by U.S. citizens ii. the production of Suburban SUVs by GM in its plant in Mexico iii. tickets sold by U2 for concerts held in the United States A) ii only B) ii and iii C) i, ii and iii D) i and iii E) i only
The profit-maximizing rule for a monopolistically competitive firm is to select the quantity at which
A) average revenue equals average total cost. B) price equals marginal cost. C) average revenue exceeds marginal cost by the greatest amount. D) marginal revenue equals marginal cost.