Which of the following is true?
A) The supply of credit and labor demand are positively correlated.
B) The supply of credit and the quantity of real output are unrelated.
C) The supply of credit and the quantity of real output are positively correlated.
D) The supply of credit and labor demand are negatively correlated.
C
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If fiscal stimulus creates a large budget ________, then in the long run economic growth ________
A) deficit; decreases B) surplus; increases C) deficit; increases D) surplus; decreases E) None of the above answers is correct. The figure above shows a nation's aggregate demand curve, aggregate supply curve, and potential GDP.
Encouraging formation of monopolies provides firms an incentive to:
A) innovate. B) increase social surplus. C) hire less resources in production. D) decrease deadweight loss.