An increase in the ____ interest rate will lead to an increase in the ____
a. nominal; demand for loanable funds
b. nominal; supply of loanable funds
c. real; quantity of loanable funds supplied
d. real; quantity of loanable funds demanded
c
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The typical welfare family consists of a ____________ and ____________ children.
Fill in the blank(s) with the appropriate word(s).
Patterns of trade among nations are primarily determined by
a. cultural considerations. b. political considerations. c. comparative advantage. d. differences in the income elasticity of demand among nations.
An insecure monopoly is one where:
A. a new patent has been granted. B. the possibility of a second firm entering exists. C. no other firms can enter. D. price-fixing is illegal under the Sherman Act.
If the MPC equals 0.85, then
A. for every $100 increase in real Gross Domestic Product (GDP), saving increases by $85. B. for every $100 increase in real Gross Domestic Product (GDP), saving increases by $15. C. for every $100 increase in consumption, real Gross Domestic Product (GDP) increases by $85. D. consumption is always more than real Gross Domestic Product (GDP).