The credit demand curve is the schedule that reports the relationship between the quantity of credit demanded and ________ in an economy, assuming all else equal
A) the average tax rate B) the annual inflation rate
C) the nominal rate of interest D) the real rate of interest
D
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Based on the information in Scenario 1, real GDP in 2016 (in 2015 dollars) in this economy was
A) $830. B) $1,025. C) $1,090. D) $1,345.
Elaine values the utility of her first cup of coffee at $1; a second cup, $.75; and a third cup, $.50. If Elaine drinks three cups of coffee for breakfast, her marginal utility is equal to
A. $.50, the value of her last cup of coffee. B. $1.00, the value of her first cup of coffee. C. marginal utility. D. $2.25. E. $1.50.
How does the policy trilemma help to explain the failure of Argentina's currency board?
What will be an ideal response?
Bank interest rates on short-term business loans during the late 1970s
A. had an upward trend. B. had a downward trend. C. stayed about the same.