Market interest rates are determined by
a. banks
b. Wall Street
c. the demand for loanable funds
d. the supply of loanable funds
e. the demand for and supply of loanable funds
E
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The gap that exists when equilibrium real GDP is less than full-employment real GDP is
A) the short-run aggregate supply curve. B) money illusion. C) an inflationary ga
Which of the following has not been promoted by HPAE?
A) Large job creation in the government sector B) Land reform C) Free basic health care D) Significant investments in rural infrastructure
If a country engaged in free trade has an unlimited quantity of imports of a good available at a fixed price, the supply curve for that good is
a. upward sloping. b. perfectly inelastic. c. downward sloping. d. perfectly elastic.
In the long run, a firm that produces and sells textbooks gets to choose
a. how many workers to hire. b. the size of its factories. c. which short-run average-total-cost curve to use. d. All of the above are correct.