When the interest rate is above equilibrium, there is excess _____ of money. Households will _____ interest-earning assets, which _____ the interest rate

Fill in the blank(s) with correct word


supply, purchase, decreases

Economics

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For a perfectly competitive firm, the shutdown point is the

A) amount of output at which price equals minimum average variable cost. B) amount of output at which price equals minimum average total cost. C) price at which economic profit is zero. D) price at which total opportunity cost is zero.

Economics

The opposite affect, crowding in

What will be an ideal response?

Economics

In a reserve currency system (such as the Bretton Woods system or the European ERM), currencies peg to a reserve currency. As a result:

A) only the reserve currency country has monetary autonomy. B) all countries, other than the reserve currency country, have monetary autonomy. C) all countries have monetary autonomy. D) no country has monetary autonomy.

Economics

Who, among the following, said this? "It is generally allowed by all, that men should contribute to the public charge but according to the share and interest they have in the public peace; that is, according to their estates or riches".

A. Benjamin Franklin B. Sir William Petty C. Jean Baptiste Colbert D. Adam Smith

Economics