The quantity of loanable funds supplied increases if the ________, all other things remaining the same, because the ________
A) real interest rate falls; real interest rate is the opportunity cost of consumption
B) real interest rate rises; real interest rate is the opportunity cost of saving
C) real interest rate falls; real interest rate is the opportunity cost of saving
D) real interest rate rises; cost of living is determined by the real interest rate
E) real interest rate rises; real interest rate is the opportunity cost of consumption
E
You might also like to view...
A ________ curve shows the marginal cost of producing one more unit of a good or service
A) marginal benefit B) production possibilities C) supply D) demand
If an epidemic hits a Malthusian economy, the long-term consequence is
A) an increase in the standard of living. B) a reduction in the standard of living. C) no change in the standard of living. D) dependent on the population growth rate.
Joe's demand for spring water can be represented as p = 10 - Q (where p is measured in $/gallon and Q is measured in gallons). He recently discovered a spring where water can be obtained free of charge. His consumer surplus from this water is
A) $0. B) $50. C) $100. D) unknown based upon the information provided.
If consumers save 15 cents out of every dollar received, the:
A. Multiplier is 15. B. MPS is 0.85. C. MPS is 0.15. D. Multiplier is 0.15.