Which of the following shifts the demand for loanable funds curve leftward?
A) a fall in the real interest rate
B) a rise in the real interest rate
C) a decrease in the taxes paid by the business
D) a decrease in the expected profit
D
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According to the text, there are three ways the government can help increase the accumulation of knowledge capital. What are they?
A) encouraging the use of trade secrets, expanding student loan programs, and increasing the minimum wage B) reducing taxes on capital, increasing Social Security payments, and lowering the exchange rate C) increasing taxes on firms, eliminating patents, and increasing the minimum wage D) protecting intellectual property rights, subsidizing research and development, and subsidizing education
Which of the following is likely to have the most price inelastic demand?
a. white chocolate chip with macadamia nut cookies b. hardback novels c. salt d. box seats at a major league baseball game