In the loanable funds market, if the real interest rate is higher than the equilibrium real interest rate,
A) the demand for loanable funds curve shifts rightward to restore the equilibrium.
B) there is a surplus of investment.
C) there is a shortage of loanable funds.
D) the demand for loanable funds curve shifts leftward to restore the equilibrium.
E) there is a surplus of loanable funds.
E
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Only a few countries have followed outward-oriented development strategies for extensive periods of time. Which of the following countries is not one of those that have followed such a strategy successfully in the last decades
A) Russia B) Japan C) South Korea D) Singapore
According to Figure 6.1, the average annual rate of growth of the U.S. economy in the period 1948-73 equalled ________
A) 1.8 percent B) 4.0 percent C) 39 percent D) 697 percent
Compared to monopoly, the market results with monopolistic competition are usually expected to be:
a. worse because consumers get fewer choices. b. worse because consumers pay a higher price. c. the same. d. better because consumers get less output. e. better because consumers pay a lower price.
Monopolistic competition is characterized by which of the following attributes? (i) free entry (ii) product differentiation (iii) many sellers
a. (i) and (iii) only b. (i) and (ii) only c. (ii) and (iii) only d. (i), (ii), and (iii)