Who benefits from the process of financial intermediation?
A) borrowers only
B) There is no benefit, because money does not create wealth.
C) savers only
D) both savers and borrowers
D
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Supply-side economists argue that decreasing marginal tax rates
A) increases productivity and shifts the AS curve to the right. B) increases productivity and shifts the AS curve to the left. C) increases productivity and shifts the AD curve to the left. D) due to the Ricardian equivalence, has no impact on the economy.
According to economists, human activity is unresponsive to changes in costs
a. True b. False Indicate whether the statement is true or false
Good weather in cities such as San Diego
A) is absolutely free for the residents of that city. B) is allocated using a weather market. C) imposes indirect payments for the residents of that city. D) b and c E) none of the above
If actual inflation is correctly expected and built into people's wage and price-setting decisions, the Phillips curve:
A. remains a downward sloping line. B. becomes a vertical line. C. becomes an upward sloping line. D. becomes a horizontal line.