When a bank loan is repaid the supply of money
A. is constant, but its composition will have changed.
B. is decreased.
C. is increased.
D. may either increase or decrease.
B. is decreased.
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The "law of demand" in economic theory asserts that
a. demand generates a supply sufficient to satisfy the demand. b. nothing will be produced unless there is a demand for it. c. people will purchase less of a good when its price rises. d. wants are indefinitely expansible and can never be fully satisfied. e. whatever people want will eventually be supplied.
The table above presents the production possibilities frontier for a nation. Using the information in the table, when moving from possibility A to B to C to ultimately E, the cost of a unit of capital goods in terms of consumption goods
A) decreases. B) increases. C) remains the same. D) decreases from possibility A to C, and then increases from possibility C to D. E) cannot be calculated.
A portfolio’s performance is its yield to the holder.
Answer the following statement true (T) or false (F)
The concept that explains firms possessing different bundles of resources is
a. Resource heterogeneity b. Resource immobility c. Barriers to entry d. imitability