The quantity of loanable funds supplied by firms is
A. independent of the interest rate.
B. negatively related to the rate of return.
C. inversely related to the interest rate.
D. positively related to the interest rate.
Answer: D
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The above figure shows the U.S. market for chocolate. With no international trade, consumer surplus is equal to
A) area A + area B + area C + area D. B) area A. C) area B + area C + area D. D) area C + area D. E) area E.
Which is assumed to be most limited in scope under a market system?
A. Freedom of choice. B. Government. C. Competition. D. Freedom of enterprise.
If real GDP per capita doubles between 2005 and 2020, what is the average annual growth rate of real GDP per capita?
A) 4.7% B) 10.5% C) 15% D) 21%
In the United States since 1929, the duration of recessions on average has been:
A. shorter than the duration of expansions. B. longer than the duration of expansions. C. steadily increasing. D. steadily decreasing.