If the interest rate on borrowing falls,
a. the demand curve for loans will shift out.
b. the discounted value now of money to be received in the future will fall.
c. some previously unprofitable prospective investments will become profitable.
d. All of the above are correct.
c
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When a party to a transaction lacks relevant information:
A. other parties will voluntarily share this information truthfully. B. they will not make the deal without complete information. C. they sometimes seek out information in ways that are not obvious. D. they always make the deal blindly.
When the economy's actual price level exceeds the expected price level, the real value of an agreed-on ________ ________ declines
a. real wage b. nominal wage c. contractual price d. supply level
Only those products in which a country has an absolute advantage will be competitive in world markets.
Answer the following statement true (T) or false (F)
Identify the four factors of production, and tell what type of income is earned by each factor
What will be an ideal response?