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ID: A1 quiz - ch13 Answer SectionMULTIPLE CHOICE 1. Other things the same, we would expect that interest investment and investment and investment investment fall. This would shift for loanable funds right making interest rates of loanable funds left making interest rates for loanable funds right making the interest rate for loanable funds left making the interest rate 11. If the current market interest rate for loanable funds is above the equilibrium level, quantity of loanable funds demanded will exceed the quantity of loanable funds supplied and the interest rate will quantity of loanable funds supplied will exceed the quantity of loanable funds demanded and the interest rate will quantity of loanable funds demanded will exceed the quantity of loanable funds supplied and the interest rate will quantity of loanable funds supplied will exceed the quantity of loanable funds demanded and the interest rate will 10.ģ Suppose the government allowed taxpayers to earn their first $5,000 of interest income tax free. What is national saving? of the above are 9. Suppose that in a closed economy GDP is equal to 10,000, Taxes are equal to 1,500, Consumption equals 6,500, and Government expenditures equal 2,000. Which of the following equations represents national saving in a closed economy? - I - G - C - I - + C - Y ID: A2_ 8. Which of the following is a financial intermediary? mutual stock government of the above are 7. A certificate of indebtedness that specifies the obligations of the borrower to the holder is called of the above are 6. The growth that arises from capital accumulation is not a free lunch: It requires that resources for future consumption goods and services now in order to enjoy more consumption in the resources so that future generations can produce goods and services with the accumulated of the above are 4.Ģ In the long run, a higher saving increase the capital that people must consume less in the of the above are 5. One of the Ten principles of Economics in Chapter 1 is that people face tradeoffs. If there are constant returns to scale, the production function can be written = 2xAF(L, K, H, N).

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The growth that arises fromġ Name: _ Class: _ Date: _ ID: principles of Macro-MWF, HardeeQuiz, Chap. One of the Ten Principles of Economics in Chapter 1 is that people face tradeoffs. 13 1 Quiz-Ch13 Multiple Choice Identify the letter of the choice that best completes the statement or answers the question. Principles of Macro-MWF, Hardee Quiz, Chap. The growth that arises from capital accumulation is not a free lunch: It requires that resources for future consumption goods and services now in order to enjoy more consumption in the resources so that future generations can produce goods and services with the accumulated of the above are 4. Name: _ Class: _ Date: _ ID: principles of Macro-MWF, HardeeQuiz, Chap. Example: quiz answers Search ExamView Pro - quiz ch13
