When there's asymmetric information, who tends to have the better information?
A) lender
B) borrower
C) intermediary
D) equally likely to be the borrower or the lender
B
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How does a rise in the federal funds rate affect aggregate demand, real GDP, and the price level?
What will be an ideal response?
The actual division of the burden of a tax is called
A) tax incidence. B) tax dispersion. C) tax credit. D) excess burden.
In the period from 1929 through 1933, there were successive ________ in aggregate demand and ________ in short-run aggregate supply
A) increases; decreases B) decreases; increases C) decreases; no change D) increases; increases
The economics of local school financing discourages school districts from attempting to maximize their tax base while minimizing enrollment size
Indicate whether the statement is true or false