Question
In the FEM, suppose people get excited about the future and begin to save less today this will A) increase real GDP because there is
In the FEM, suppose people get excited about the future and begin to save less today this will
A) increase real GDP because there is more money in the capital market
B) increase the labor demand curve because more money is spent on labor
C) shift the savings curve to the right and lower real interest rates
D) shift the savings curve to the left and raise real interest rates
Casey earns $150 a week and consumes only fish and shrimp. The price of fish is $3 a pound and the price of shrimp is $5 a pound. Casey can buy a maximum of _____ pounds of fish or a maximum of _____ pounds of shrimp.
A) 30, 50
B) 50, 30
C) 15, 30
D) 30, 15
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started