Each firm has a downward-sloping demand curve for loanable funds because its
a. marginal resource cost curve slopes downward
b. marginal revenue product curve slopes upward
c. marginal rate of return on investment curve slopes downward
d. marginal resource cost slopes upward
e. marginal rate of return on investment curve slopes upward
C
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Identify the correct statement about net exports
a. The value of net exports increases as real domestic income increases. b. The value of net exports increases as real domestic income decreases. c. The value of net exports is dependent on the amount of government purchases. d. The value of net exports is always positive. e. The value of net exports is always negative.
Total surplus is always equal to the sum of consumer surplus and producer surplus
a. True b. False Indicate whether the statement is true or false
How are normal goods and inferior goods similar? How are they different?
What will be an ideal response?
A bank will want to hold more excess reserves (everything else equal) when
A) it expects to have deposit inflows in the near future. B) brokerage commissions on selling bonds increase. C) the cost of selling loans falls. D) the discount rate decreases.