Lowering the interest rate will
A) increase investment projects by firms.
B) decrease the value of the dollar and lower net exports.
C) decrease spending on consumer durables.
D) decrease spending on new homes.
A
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Quantitative evidence on federal land policy has led current economic historians to conclude that
a. the policy was inefficient and reduced total output. b. the policy was largely inefficient, with evidence of increased output only found on large farms. c. the Homestead Act allowed western farmers to enjoy rising agricultural prices for most of the post-bellum period. d. average rates of return on western agricultural investments were comparable to those in manufacturing.
The gold standard prevented a nation from controlling its domestic economy through monetary policy
a. True b. False Indicate whether the statement is true or false
All of the following are possible characteristics of oligopoly except
A. free entry into the industry. B. significant economies of scale. C. interdependence among sellers. D. homogeneous product.
When two goods are perfect complements, the indifference curves are
a. positively sloped. b. negatively sloped. c. straight lines. d. right angles.