The classical economist holds that interest rates are set by
A. the government.
B. banks.
C. supply and demand.
D. None of the choices are correct.
C. supply and demand.
You might also like to view...
Doctors have ________ incentive to control their costs when consumers ________ for a visit to the doctor's office
A) more; have a third-party payer that pays B) less; pay entirely out of pocket C) less; only pay a deductible D) more; only pay a deductible
Demand is said to be elastic when percentage changes in quantity demanded are
A. less than the percentage changes in price. B. higher than the percentage changes in price. C. equal to the percentage changes in price. D. zero when price changes.
Where should the economically-challenged regions of the world put their focus?
a. low inflation b. health and education c. balance of trade d. low unemployment
What was the lowest federal funds rate target the Fed set in response to the financial crisis?
A. 0 percent B. 1.8 percent C. 2.0 percent D. 2.2 percent