When interest rates are lower, consumers and companies are able to borrow money cheaply in order to make major purchases. As a result, the demand for goods in an economy will generally
A) remain the same. B) increase.
C) decrease. D) be minimally affected.
B
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In a market-based economy, the government
A) allocates production. B) enforces property rights. C) encourages insurance risk. D) decides how much to produce.
If greater equality is the benefit of government intervention into the allocation of society's resources, what is the cost?
Velocity is computed as the
a. price level times real GDP divided by the money supply. b. price level times the money supply divided by real GDP. c. real GDP times the money supply divided by the price level. d. real GDP times the money supply divided by the rate at which money changes hands.
The Baker Plan emphasized renewed commercial bank loans as a way to restart capital flows to Latin America
Indicate whether the statement is true or false