The market demand for loanable funds is represented by a(n) ________ demand curve, reflecting a declining rate of return on investment
a. downward-sloping
b. upward-sloping
c. positively-sloping
d. horizontal
a
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Many people have observed that retail gas stations tend to operate very closely to one another. Explain the logic behind having a gas station at each corner of an intersection
What will be an ideal response?
Everything else held constant, an autonomous easing of monetary policy will cause
A) aggregate demand to increase. B) aggregate demand to decrease. C) the quantity of aggregate demand to increase. D) the quantity of aggregate demand to decrease.
Suppose the Bureau of Labor Statistics interviews 194,000 people in its monthly survey: 91,300 are not in the labor force, 94,000 are employed, 6650 are unemployed, and 1,150 are in the armed forces. What is the unemployment rate the BLS announces?
A) 4.95 percent B) 3.94 percent C) 7.0 percent D) 6.55 percent E) 6.48 percent
Consumer preferences for chocolate milk have decreased. If all other things are equal, what is the likely result of this decrease?
a. The supply of chocolate milk will decrease sharply. b. Market demand for chocolate milk will shift to the left. c. Market demand for chocolate milk will shift to the right. d. Both the price and supply of chocolate milk will decrease.