The supply of loanable funds curve
a. is upward sloping
b. is downward sloping
c. is horizontal
d. begins sloping upward, then levels off
e. may slope either upward or downward, depending upon the interest rate
A
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Which statement is false?
A. Between 1789 and 1812 the United States' population doubled. B. Between 1812 and 1835 the United States' population doubled. C. Between 1835 and 1858 the United States' population doubled. D. None of the statements are false.
If a $500 tax is placed legally (statutorily) on the sellers of new violins and as a result the price of violins to consumers rises by $400, then the actual burden of the tax
a. falls completely on violin buyers. b. falls completely on violin sellers. c. is $400 on violin buyers and $100 on sellers. d. is $100 on violin buyers and $400 on sellers.
A competitive market is one in which there
a. is only one seller, but there are many buyers. b. are many sellers, and each seller has the ability to set the price of his product. c. are many sellers, and they compete with one another in such a way that some sellers are always being forced out of the market. d. are so many buyers and so many sellers that each has a negligible impact on the price of the product.
Import quotas have a negative impact on poor nations because they make it difficult for poor nations to
A. Receive foreign aid from rich nations. B. Sell agricultural goods to each other. C. Sell agricultural goods to rich nations. D. Develop a pro-business environment.