If a government had a debt of $300 billion and then ran deficits of $200 billion each year for the next three years, by the end of the third year its total debt would be

Compared to a cartel, firms in a Cournot Oligopoly

A) make more joint profit. B) sell less output. C) make less joint profit. D) act independently.

If technological breakthroughs in the internet cause large numbers of firms to consider investment projects they hadn't previously thought of, then

A) a shift in the supply of loanable funds will cause interest rates to rise. B) a shift in the supply of loanable funds will cause interest rates to fall. C) a shift in the demand for loanable funds will cause interest rates to rise. D) a shift in the demand for loanable funds will cause interest rates to fall. E) there will be an excess supply of loanable funds.