The dollar will appreciate if interest rates fall in the United States.
Answer the following statement true (T) or false (F)
False
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When interest rates rise,
A) borrowing costs decline, and total planned real expenditures decline. B) borrowing costs increase and total planned real expenditures increase. C) borrowing costs decline, and total planned real expenditures increase. D) borrowing costs increase, and total planned real expenditures decline.
The theory of consumer choice is to demand as the theory of
a. public goods is to supply. b. oligopoly is to supply. c. the competitive firm is to supply. d. comparative advantage is to supply.
Currency and checkable deposits are
A. debts of the Federal Reserve Banks or of financial institutions. B. the major components of the M3 definition of the money supply. C. of intrinsic value that determines the relative worth of money. D. redeemable for gold and silver from the Federal Reserve System.
The goods or services that firms in an oligopoly sell:
A. are standardized. B. are not close substitutes. C. are either standardized or close substitutes. D. are close substitutes.