Author Question: If saving supply decreases, the equilibrium real interest rate ________ and the equilibrium quantity ... (Read 154 times)

EAugust · **on:** Jun 29, 2018

If saving supply decreases, the equilibrium real interest rate ________ and the equilibrium quantity of investment ________.

A) rises; decreases
B) falls; decreases
C) falls; increases
D) rises; increases
E) does not change; does not change

Question 2

You spend 20 on a lottery ticket instead of buying groceries. The 20 spent on the lottery ticket represents an ________ and the forgone groceries represent an ________.

A) explicit cost; explicit cost
B) implicit cost; explicit cost
C) explicit cost; implicit cost
D) implicit cost; implicit cost