The demand for loanable funds curve shows the
A) positive relationship between the interest rate and the quantity of loanable funds demanded.
B) positive relationship between the demand for loanable funds curve and the supply of loanable funds curve.
C) U-shaped relationship between the interest rate and the quantity of loanable funds demanded.
D) negative relationship between the interest rate and the quantity of loanable funds demanded.
E) negative relationship between the demand for loanable funds curve and the supply of loanable funds curve.
D
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Consumers should purchase quantities of a good to the point where MU > P
a. True b. False Indicate whether the statement is true or false
In 2006, the American Association of Retired Persons (AARP) spent over $70 million on lobbying-related expenses in an attempt to get policies enacted that would benefit retirees. In economics, the term used to describe such activity is
a. logrolling. b. rent seeking. c. influence peddling. d. redistribution searching.
The key to the equality of output and income is:
A. transfer payments. B. employee compensation. C. profit. D. business taxes.
One way to prevent workers from shirking is to
A) hire only workers who are predisposed toward shirking. B) hire only workers who are predisposed toward not shirking. C) reduce monitoring to zero. D) pay workers a fixed fee.