A budget deficit
a. changes the supply of loanable funds.
b. changes the demand for loanable funds.
c. changes both the supply of and demand for loanable funds.
d. does not influence the supply of or the demand for loanable funds.
a
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If the Fed is facing ________, the bank lending channel provides one explanation for why monetary policy may still be effective even when short-term nominal interest rates equal 0%
A) an upward-shifting Phillips curve B) stagflation C) the zero bound constraint D) an economy where real GDP has surpassed potential GDP
The equilibrium quantity of Smids would be found by
a. choosing a quantity that generated the highest market price b. setting price equal to the revenue target desired by firms c. solving for the price that generates the maximum revenue for sellers d. choosing the quantity desired by consumers and working backward to solve for theprice associated with that quantity e. determining the price and quantity where the demand and supply curves intersect
The law of demand describes the:
A. inverse relationship between price and quantity demanded. B. direct relationship between income and quantity demanded. C. inverse relationship between income and quantity demanded. D. direct relationship between price and quantity demanded.
Refer to the information provided in Table 13.1 below to answer the question(s) that follow. Table 13.1Price ($)Quantity4.002,0003.502,4003.002,8002.503,2002.003,6001.504,0001.004,400Refer to Table 13.1. If a monopoly faces the demand schedule given in the table, what is its marginal revenue from the 2,400th unit it sells?
A. $1 B. $3.50 C. $3.75 D. $400