If the real risk-free interest rate rises, the:
a. Demand curve for real loanable funds rises.
b. Demand curve for real loanable funds falls.
c. Supply curve of real loanable funds falls.
d. None of the above.
.D
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"If the United States enters a war in the Middle East, gasoline prices will go up." This statement is an example of
A) a positive statement. B) an argument. C) a normative statement. D) a factual statement.
A backward-bending portion of an individual labor supply curve is most likely to be observed: a. at lower wages
b. at higher wages. c. in manufacturing industries. d. in service industries.
If real interest rates in the United States rise relative to real interest rates in other countries, other things being equal, a. the exchange value of the dollar would decline relative to other currencies
b. the exchange value of the dollar would increase relative to other currencies. c. there would likely be no effect on the exchange value of the dollar relative to other currencies. d. there would be an indeterminate effect on the exchange value of the dollar relative to other currencies.
For perfectly competitive firms, marginal revenue ________ price; for monopolists marginal revenue ________ price.
A. equals; is greater than B. equals; is less than C. is less than; equals D. equals; equals