If the disposable income decreases, then
A) the demand for loanable funds increases.
B) the quantity of loanable funds demanded increases.
C) the supply of loanable funds increases.
D) the quantity of loanable funds supplied decreases.
E) the supply of loanable funds decreases.
E
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In general, as the consumption of a good or service increases, the marginal benefit from consuming that good or service
A) increases. B) decreases. C) stays the same. D) at first increases and then decreases. E) at first decreases and then increases.
A rise in the price level changes aggregate demand because
A) firms increase their investment when prices are higher. B) the real value of people's wealth varies directly with the price level and so does their spending. C) the real value of people's wealth decreases and so they decrease their consumption. D) the more money people have, the more it is worth and hence the more goods and services they demand.
Income inequalities are greatest in
A. Poor countries such as Namibia. B. Developed countries such as Japan. C. Rich countries such as the United States. D. Countries with high levels of GDP.
Large increases in the availability of labor would likely be a source of
A. import competing growth. B. generalized growth. C. specialized growth. D. concentrated growth.