As the real interest rate decreases, the quantity of saving supplied ________ and the quantity of saving demanded ________.
A. decreases; increases
B. does not change; does not change
C. increases; increases
D. increases; decreases
Answer: A
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Has not been successful in reducing poverty among elderly Americans.
Answer the following statement(s) true (T) or false (F)
Advertising is used by firms in a monopolistic competitive industry to
A) differentiate their product from those of competitors. B) increase brand loyalty. C) increase demands for their individual products. D) all of the above.
Real estate values derive from the interaction of three different sectors in the economy. Which of the following sectors serves to allocate financial resources among households and firms requiring funds?
A. User market B. Capital market C. Government D. Property market
If we let Md reflect money demand, then we can write the equation for money demand as:
A. Md = VY. B. Md = (1/V) PY. C. Md = PY. D. Md = V(Y/P).