Economics

Assuming all else equal, any change that causes a decrease in the cred

Assuming all else equal, any change that causes a decrease in the credit supply at a given real interest rate will cause: A) the credit supply curve to shift to the right. B) an upward movement along the credit supply curve. C) a downward movement along the credit supply curve. D) the credit supply curve […]

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Date: September 2nd, 2020

Which of the following relationships is most likely to exhibit zero co

Which of the following relationships is most likely to exhibit zero correlation? A) The relationship between the amount received as unemployment benefits in China and the unemployment rate in Canada B) The relationship between education and income C) The relationship between income and savings D) The relationship between wind velocity and rotational speed of wind […]

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Date: September 2nd, 2020

Money is still useful during times of inflation because A) it still r

Money is still useful during times of inflation because A) it still retains the characteristic of predictability of value. B) its opportunity cost falls as inflation rises. C) more money can be made so people can still purchase the goods and services they want. D) it is not a liquid asset.   ANSWER A

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Date: September 2nd, 2020

A factory in Techland could not sell 20% of its output during a certai

A factory in Techland could not sell 20% of its output during a certain year due to a decrease in demand for its product. Which of the following would have happened if it produced 20% less? A) Techland’s GDP would have been higher. B) Techland’s GDP would have been lower. C) Techland’s trade deficit would […]

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Date: September 2nd, 2020