Which of the following is not a possible implication of federal budget deficits?
a. Crowding out
b. Increased interest rates
c. Inflation
d. Increased trade deficits
e. Depreciation of the dollar
e
Economics
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Suppose the price of water rose sharply. Other things constant, what is the least likely to occur?
A) People will consume less water. B) Fewer swimming pools will be filled with water. C) More high-pressure showerheads will be sold. D) The demand for water will fall.
Economics
Explain the difference between the marginal rate of substitution and the marginal rate of transformation
What will be an ideal response?
Economics