If the supply of loanable funds increases, what is the result for the equilibrium of the loanable funds market?
A) A surplus of loanable funds would push interest rates down and increase the equilibrium quantity of loanable funds.
B) A surplus of loanable funds would push interest rates up and decrease the equilibrium quantity of loanable funds.
C) A shortage of loanable funds would push interest rates down and increase the equilibrium quantity of loanable funds.
D) A shortage of loanable funds would push interest rates up and decrease the equilibrium quantity of loanable funds.
A
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Refer to Table 8-17. What is nominal GDP in 2011?
A) $3,320 B) $3,690 C) $6,360 D) $7,035
Which of the following is not true of Lindahl prices for collective consumption goods?
a. Lindahl pricing might be useful in achieving political agreement on the proper amount of the public good to be produced. b. Lindahl prices are set so the marginal benefit they receive from the public good is equal to the marginal cost. c. Lindahl prices are difficult to calculate in practice. d. Lindahl prices are necessary for economic efficiency.