Since the future holds more uncertainty over longer periods of time, lenders generally want a:
A. constant interest rate for loans over the period of the loan.
B. higher interest rate for loans over a longer period.
C. lower interest rate for loans over a longer period.
D. higher interest rate for loans over a shorter period.
Answer: B
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Suppose the United States is experiencing a balance of payments surplus. To prevent the exchange rate from appreciating, the U.S. Treasury must
A) sell dollars and buy foreign currency. B) sell both dollars and foreign currency. C) buy both dollars and foreign currency. D) sell foreign currency and buy dollars.
The table above gives Jane's total utility from magazines and CDs. The price of a magazine is $4 and the price of a CD is $10. What is the marginal utility per dollar from magazines when the sixth magazine is purchased?
A) 36 units B) 15 units C) 9 units D) 5 units
Currently about what percentage of the civilian labor force is unionized in the United States?
A) 6 percent B) 12 percent C) 30 percent D) 70 percent
Many business cycle theories are associated, by name, with individual economists who championed the ideas. For example, the housing cycle is also known as the
a. Schumpeter cycle b. Keynesian cycle c. Marxist cycle d. Kuznets cycle e. Jevons cycle