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Author Question: If saving supply decreases, the equilibrium real interest rate ________ and the equilibrium quantity ... (Read 152 times)

EAugust

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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



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lindahyatt42

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Answer to Question 1

A

Answer to Question 2

C




EAugust

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it


alexanderhamilton

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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