A higher interest rate makes _____ less attractive. Therefore the quantity of loanable funds demanded decreases
Fill in the blank(s) with correct word
borrowing
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It is very difficult for Gourmet Chocolatier to find inexpensive and available inputs for the business. Because of this, we predict that Gourmet Chocolatier's supply to be
A) inelastic. B) perfectly elastic. C) elastic. D) unit elastic. E) nonexistent.
If labor contracts prevent wage flexibility, the aggregate supply curve will be
A) vertical. B) horizontal. C) negatively sloped. D) positively sloped.
If we observe an economy in which desired saving has changed, but there has been no change in actual investment, we may infer that ________
A) net exports have changed B) actual saving has changed C) the domestic real interest rate has not changed D) all of the above E) none of the above
Globalization raises the standard of living of all countries
Indicate whether the statement is true or false