A higher interest rate makes _____ less attractive. Therefore the quantity of loanable funds demanded decreases
Fill in the blank(s) with correct word
borrowing
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Of the following high-income countries, which has the lowest life expectancy at birth?
A) Canada B) Japan C) the United Kingdom D) the United States
Refer to Table 12-4. If the market price is $45 the firm will produce
A) 60 units. B) 80 units. C) 100 units D) 120 units
The monetary policy reaction curve:
A. is the guideline the Fed publishes in setting their interest rate target. B. has remained fairly constant over the years. C. is set by Congress and given to the Fed as a guideline to follow. D. approximates the behavior of central bankers.
The situation in which actual output exceeds potential output
a. is impossible because all resources are employed to produce potential output b. is possible only in times of high unemployment c. is possible only if the unemployment rate is negative d. is possible only in the long run e. creates pressure for inflation