In the market for loanable funds, the law of supply:
A. reflects that more people will choose to save the lower is the interest rate.
B. reflects that more people will choose to borrow the higher is the interest rate.
C. reflects that more people will choose to borrow the lower is the interest rate.
D. reflects that more people will choose to save the higher is the interest rate.
Answer: D
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Which statement about the United States at present is false?
A. We have the world's largest economy. B. The United States' federal deficits have been at record highs for the last few years. C. The Social Security and Medicare trust funds are safe for at least the next two generations. D. We are borrowing almost $2 billion a day from foreigners to finance the United States' trade and budget deficits
If 10 firms share the sales of the market equally, the four-firm concentration ratio is ________ percent
A) 100 B) 40 C) 10 D) 5
At a perfectly competitive firm’s profit-maximizing level of output, its total revenue is $200 and its short-run variable cost is $225. The firm
A. has a loss of $25. B. should shut down. C. should increase output to reduce losses. D. should raise the price of its product.
Which of the following is NOT a major actor in the foreign exchange market?
A) corporations B) central banks C) commercial banks D) non-bank financial institutions E) tourists