Money is channeled from savers to borrowers by banks and other _______.
Fill in the blank(s) with the appropriate word(s).
financial intermediaries
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A major factor contributing to the slow growth rate of less-developed economies is
A) the lack of well-defined and enforceable property rights. B) the lack of workers. C) the lack of natural resources. D) the high rate of illiteracy.
Over time, poverty in the United States, as measured by the number of poor, has increased the most
a. among women because of discrimination b. among women because of an increasing divorce rate c. among households headed by women d. among the elderly because of cutbacks in the Social Security program e. for men because there are more of them
If your disposable personal income increases from $33,000 to $41,000 and your consumption increases from $8,000 to $12,000 . your marginal propensity to consume (MPC) is:
a. 0.2. b. 0.4. c. 0.5. d. 0.8. e. 1.0.
Recall from the text when Amar Bazazz discovered that very little of the actual gold deposits were ever taken from his cave, he inadvertently discovered the concept of
a. excess reserves b. bank liabilities c. loanable funds d. required reserves e. fractional reserves