The loan market is in equilibrium. If the demand for land decreases, the rental rate of land ________
A) might rise or fall
B) rises
C) falls
D) remains unchanged
C
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In what way did the Dodd-Frank Act reduce bank revenue?
A) It increased the amount banks had to pay on interest to depositors. B) It reduced fees banks could charge when customers took out loans. C) It reduced the amount of interest banks could charge on mortgages. D) It capped the fees that banks could charge stores for debit card transactions.
An increase in a country's saving rate will tend to cause which of the following in the long run?
A) a reduction in per capita real GDP B) an increase in economic growth C) an increase in the unemployment rate D) an increase in the rate of inflation
What is the term for a price index that measures average prices of all goods and services included in the economy?
a. Real value b. Nominal value c. GDP deflator d. GDP inflator
Consumer surplus increases as
a. the market price of a good decreases b. firms exit the market c. fewer consumers purchase a good d. taxes on a good increase e. a good is no longer available for sale