An increase in the interest rate will:
a. increase the amount of money supplied by lenders
b. decrease the amount of money supplied by lenders.
c. have no effect on the amount of money supplied by lenders.
d. have an ambiguous effect on the amount of money supplied by lenders.
a
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Labor productivity rises when
A) average worker output rises. B) nominal wages fall. C) average worker output falls. D) business investment falls.
These are the cost and revenue curves associated with a monopolistically competitive firm. According to the graph shown, the monopolistically competitive firm:
A. will earn profits equal to area B. B. will cause deadweight loss equal to area C. C. should leave the industry in the long run. D. should act like a monopolist in the short run.
Which antitrust act was passed to protect independent retailers from "unfair discrimination" by chain stores?
A) Federal Trade Commission Act B) Robinson-Patman Act C) Sherman Act D) Wheeler-Lea Act
In preparing their estimates of the stimulus package's effect on GDP, Obama administration economists estimated a government purchases multiplier of 1.57. This indicates that a $1 billion increase in government purchases would increase equilibrium real
GDP by A) $1 billion. B) $1.57 billion. C) $15.7 billion. D) $157 billion.