. During most of the 1990s and 2000s, the trend in interest rates was:
A. sharply downward.
B. mildly downward.
C. mildly upward.
D. just about constant.
D. just about constant.
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Which of the following is not a characteristic of a monopolistically competitive market structure?
A) All sellers sell products that are differentiated. B) There is a large number of independently acting small sellers. C) Each firm must react to actions of other firms. D) There are low barriers to entry of new firms.
Demand deposits are liabilities to a bank because
a. the bank must pay interest on these accounts b. we need some method of creating a balance c. the bank must be willing to account for loans and bonds d. the bank could potentially lose this money if loans are not repaid e. the customers have the right to withdraw the funds from their checking accounts
For all firm types price equals marginal revenue, and for competitive firms price equals average revenue
a. true b. false
Which of the following statements about a movement along the production possibilities curve in the above figure is FALSE?
A. There are no opportunity costs involved in choosing one point on the curve over all other points. B. Society cannot have more of both goods at the same time. C. An additional computer can be produced only if fewer televisions are produced. D. The trade-off between computers and televisions is not constant.