The quantity of funds demanded by borrowers:
a. is directly related to the rate of interest
b. is inversely related to the rate of interest.
c. is unrelated to the rate of interest.
d. first increases and then decreases with the rate of interest.
b
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The purchase of the assets of one steelmaker by another steelmaker might be a violation of the:
A. Clayton Act. B. Federal Trade Commission Act. C. Celler-Kefauver Act. D. Robinson-Patman Act.
Explain the concept of inefficiency in terms of a production possibilities curve.
What will be an ideal response?
Refer to the given data. At an income level of $40 billion, the average propensity to consume:
Answer the question on the basis of the following consumption schedules. DI signifies disposable income and C represents consumption expenditures. All figures are in billions of dollars.
A. is highest in economy (1).
B. is highest in economy (2).
C. is highest in economy (3).
D. cannot be determined from the data given.
As inflation increases, households become ________ uncertain leading to ________ spending.
A. more; more B. less; less C. more; less D. less; more