Factors that cause a decrease in the demand for credit at a given real interest rate cause:
A) the credit demand curve to shift to the right.
B) an upward movement along the credit demand curve.
C) the credit demand curve to shift to the left.
D) a downward movement along the credit demand curve.
C
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Game theory provides tools that are used to model:
A. the cost functions faced by firms. B. consumer demand. C. strategic interdependencies. D. the behavior of perfectly competitive firms.
The depreciation of the dollar will make U.S. goods ________ to foreigners and make imports ________ for U.S. residents
A) more expensive; cheaper B) cheaper; more expensive C) cheaper; cheaper D) more expensive; more expensive
Long-run average costs at any output level will:
A. always be greater than or equal to short-run average total costs. B. always be less than or equal to short-run average total costs. C. sometimes be less than and sometimes greater than short-run average total costs. D. always be equal to short-run average total costs.
Macroeconomics involves the study of the decision-making of individual firms or individuals.
Answer the following statement true (T) or false (F)