Suppose supply decreases and demand increases. What effect will this have on the price?

Select one:

a. it will fall.

b. it will rise.

c. it may rise or fall.

d. it will remain the same.

Jose and Maria maintain the front yard of their house to a very high standard. Everyone in their neighborhood love's Jose and Maria's lawn. Their maintenance of their yard is an example of:

Select one:

a. positive production externality.

b. logrolling.

c. public good.

d. positive consumption externality

Robert is confused as to how graphs work in the Loanable Funds framework. In helping Robert you would explain that that an increase in the demand for loanable funds:

Select one:

a. is a movement along the demand curve for loanable funds.

b. brings about an increase in the supply curve of loanable funds.

c. shifts the demand curve of loanable funds outward.

d. makes the demand curve flatter

e. brings about an increase the quantity demanded of loanable funds.

A growing number of economists no longer believe that wage = MVPLaborrather they argue labor market power has more explanatory power. As evidence to support this claim they point to:

Select one:

a.

the growing percentage of unskilled workers that are unionized in the United States.

b.fastfoodemployeeswageincreasesinthefaceofautomation.

c.

CEO compensation level escalation due to the structures of many corporate board of directors.

d.therapidrisethepayoftoptierprofessionalathletes.

Over the last six years as interest rates have decrease, American households have decreased the amount of funds they dedicate to retirement savings. What impact does this have in terms of the loanable funds model?

Select one:

a. The demand for loanable funds has increased.

b. The supply of loanable funds has decreased.

c. The quantity supplied of loanable funds has decreases.

d. The quantity demanded of loanable funds has increases.