The supply of loanable funds curve is
a. upward sloping because fewer people are persuaded to forgo current consumption as the interest rate rises
b. downward sloping, showing that more investment will be undertaken as inflation decreases
c. upward sloping because the opportunity cost of goods and services that must be forgone increases
d. downward sloping, showing that as more funds are made available, the risk cost of loaning funds decreases
e. usually horizontal
C
You might also like to view...
Producing goods can add to net wealth, but rendering services cannot. Explain.
What will be an ideal response?
Who gains and who loses from rent controls?
What will be an ideal response?
If a perfectly competitive industry is in long-run equilibrium, the price of the product equals the minimum of:
A. marginal cost. B. fixed cost. C. average variable cost. D. average total cost.
A business with one or more general partners with the same unlimited liability as a sole proprietor is known as a? __________.
A. general partnership B. master limited partnership C. limited partnership D. limited liability company E. sole proprietorship