A change in the interest rate changes the demand for loanable funds.
Answer the following statement true (T) or false (F)
False
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Paulette owns a pizza parlor. Her total cost schedule is in the above table. Her total variable cost of producing four pizzas per hour is
A) $20. B) $49. C) $51. D) $71. E) Some amount, but more information is needed to determine this total variable cost.
In the economic way of thinking, individuals make "choices" only when they
A) follow their narrow, selfish interests. B) enjoy perfect and complete information about the consequences of their actions. C) act responsibly. D) pursue one project while sacrificing another. E) have mastered the lessons of economic theory.
In perfect competition, marginal revenue always equals
A. total revenue. B. price. C. average cost. D. marginal fixed cost.
Interest-rate ceilings on deposits: a. meant banks were guaranteed "cheap money" from depositors
b. were imposed because without them, as was the case in the 1970s, banks couldn't be profitable. c. led to banks losing deposits whenever market rates went above the ceiling rates. d. are only effective when market rates are below the ceiling rates. e. were developed by money market mutual funds as a marketing device.