Refer to Figure 13-3. Which of the points in the above graph are possible short-run equilibria?
A) A and D B) A and C C) A and B D) A, B, C, and D
D
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The demand for loanable funds is downward sloping because the ________ the interest rate, the ________ the number of profitable investment projects a firm can undertake, and the ________ the quantity demanded of loanable funds
A) greater; greater; greater B) lower; greater; greater C) greater; smaller; greater D) lower; smaller; greater
A prominent aspect of the Great Depression of the 1930s, but not of the recent Great Recession, is ________
A) bank panics B) mortgage defaults C) an increase in the credit spread D) nonconventional monetary policy
Consumers who are more sensitive to changes in price suffer a greater loss of consumer surplus from any given price increase
Indicate whether the statement is true or false
During expansions,
a. sales fall, but profits rise. b. sales and profits rise. c. sales and profits fall. d. sales rise, but profits fall.