Financial institutions that receive most of their funds from the savings of the public are
A) the fiduciary monetary system.
B) the world index fund.
C) universal banking.
D) thrift institutions.
D)
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If the short-run price elasticity of demand for hospital care is .27, then the long-run price elasticity is expected to be:
a. greater than .27. b. greater than 1. c. less than .27. d. equal to .27. e. less than 0.
Other things equal, a positive supply shock would
a. Lower the price level b. Increase real output c. Shift AD right d. Do a. and b. but not c.
The largest portion of any nation's current account is typically
A) imports and exports. B) gold sales. C) the sale of U.S. assets. D) foreign currency reserves.
As the real interest rate rises, the quantity of loanable funds supplied ________ and the quantity of loanable funds demanded ________
A) does not change; does not change B) decreases; decreases C) increases; decreases D) increases; increases E) decreases; increases