If consumers elect to postpone consumption so they can have a more enjoyable future, the supply of loanable funds would increase and the market rate of interest would fall
a. True
b. False
A
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In the United States, recessions are informally defined as ________ in real GDP
A) two consecutive quarters of positive growth B) two consecutive quarters of negative growth C) three consecutive quarters of negative growth D) three consecutive quarters of positive growth
In an indifference map, one would most likely see indifference curves that:
a. are positively sloped. b. intersect at the origin. c. cross at the equilibrium point. d. are bowed inward toward the origin. e. represent greater utility as they approach the origin.
Tariffs contribute to higher prices of textile products imported into the United States, but import quotas on textiles brought into the United States do not
a. True b. False Indicate whether the statement is true or false
The answer is, "This is principally used to exhibit changes in data over time." The question is,
A) What is a pie chart? B) What is a 45-degree line? C) What is a tangent line? D) What is a line graph? E) b and d