An increase in the interest rate would reduce the present value of a property
Indicate whether the statement is true or false
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If the demand for a product increases and the supply of the product does not change, equilibrium price and equilibrium quantity will both increase
Indicate whether the statement is true or false
Hospitals announce that there are not enough nurses available to keep them fully staffed. Economically speaking, what does this announcement mean?
A) The market wage for trained nurses is currently above the equilibrium wage. B) There is currently a surplus of nurses in this market. C) The market wage for nurses will eventually rise to the market clearing wage. D) The market will adjust very rapidly to correct this imbalance because anyone can be a nurse without any training.
One of the main roles of a central bank is:
A. accepting deposits from households and other private individuals. B. coordinating the banking system to ensure a sound economy. C. funding federal government spending. D. managing the nation's money demand.
Which of the following are most likely substitute goods?
A. peanut butter and jelly B. cooking oil and butter C. pizza and beer D. trucks and gasoline