A lowering of the legal reserve requirement makes it possible to expand the money supply
Indicate whether the statement is true or false
T
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An equilibrium price is unaffected by nonprice factors
a. True b. False Indicate whether the statement is true or false
________________ is defined as "an unconscionable or exorbitant rate of interest."
Fill in the blank(s) with the appropriate word(s).
Departures from interest parity
A) can be explained using theories of risk premium. B) cannot be explained using theories of risk premium. C) may or may not be able to be explained using theories of risk premium, more research is needed. D) are completely unrelated to risk premium. E) occur when risk premium is over calculated.
If a resource has a perfectly elastic supply curve then its income is termed as:
a. economic rent. b. rental rate of capital. c. rental income. d. annuity. e. transfer earnings.