Technological change can increase the demand for loanable funds because it

A) decreases the need for additional equipment.
B) increases people's expected future disposable income.
C) lowers the interest rate.
D) has little effect on production cost.
E) can increase the expected profit.

E

Economics

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An emphasis on inflation stability is compatible with a nonactivist stance only when shocks to the macroeconomy are ________

A) permanent supply shocks B) temporary supply shocks C) aggregate demand shocks D) all of the above E) none of the above

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Using the above figure, which of the lines in the above diagram represents a proportional tax?

A) A B) B C) C D) none of them

Economics