What type of loan led the wave of bank lending in the 1970s and 1980s?
A) consumer loan
B) commercial mortgage
C) loans to state and local governments
D) commercial paper
B
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If a monopolist calculates its marginal revenue to be $15 and marginal cost to be $16, then the monopolist should:
A. leave its output and price unchanged. B. increase its output. C. decrease its output. D. lower its price.
When consumers do not view similar products as perfect substitutes, those products are called:
A. homogenous. B. complements. C. differentiated. D. normal.
When borrower-spenders raise funds in financial markets, they issue new securities in the
A) primary market. B) secondary market. C) third market. D) fourth market.
Explain the three rules that countries must follow to maintain a gold standard
What will be an ideal response?