The supply of loanable funds has a ________ slope because the greater the interest rate, the ________ the reward to saving, and the ________ the quantity of loanable funds supplied
A) positive; lesser; lesser
B) positive; greater; lesser
C) negative; lesser; greater
D) positive; greater; greater
Answer: D
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The price elasticity of demand for a specific model of a luxury car is likely to be
A) elastic. B) inelastic. C) 0. D) infinite.
Samara's income is $30 a month and she spends all of it on music downloads and gasoline. The price of a music download is $1.50 and the price of a gallon of gasoline is $3
At Samara's best affordable point, her marginal rate of substitution is ________ per video tape. A) 0.5 of a download B) 1 download C) 1.5 downloads D) 2 downloads
Which type of U.S. government security is a kind of zero-coupon security?
A) Federal funds note B) U.S. Treasury note C) U.S. Treasury bill D) U.S. Treasury bond
What is happening at point B?
a. RGDP has just increased to $16.0 trillion.
b. The economy has just moved to equilibrium at $16.1 trillion.
c. Consumer spending has just fallen by $100 billion.
d. Business investment has just risen by $100 billion.