Higher interest rates make it:
A. more expensive to borrow.
B. harder to get a loan typically.
C. easier to get a loan typically.
D. less expensive to borrow.
A. more expensive to borrow.
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To know whether a particular situation for a family, business, or government involves an equilibrium or not, one must
A) understand the circumstances fully. B) determine whether the accounts are in balance. C) determine whether the credits equal the debits. D) determine whether a particular portion of the accounts are in balance or not.
Refer to Figure 9.3. What is the smallest sales quantity that this firm will produce at any price?
A. 0
B. Q1
C. Q2
D. Q3
The impact of declining stock prices in the U.S. during 2000-2006 on U.S. household wealth was at least partially offset by:
A. an increase in public saving. B. a decrease in the saving rate. C. an increase in the saving rate. D. increasing housing prices.
Using Figure 1 above, if the aggregate demand curve shifts from AD2 to AD3 the result in the short run would be:
A. P1 and Y2. B. P2 and Y3. C. P3 and Y1. D. P2 and Y2.