The market for loanable funds is a market in which:
A. savers supply funds to those who want to borrow for their investment spending needs.
B. borrowers buy and sell loans.
C. savers interact to set the interest rate for loans.
D. borrowers supply funds to savers, who want loans for their investment spending needs.
A. savers supply funds to those who want to borrow for their investment spending needs.
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When the government conducts activist fiscal policy, what type of spending does it usually use?
A) net interest spending B) entitlement and mandatory spending C) strategic spending D) discretionary spending
During a recession, the ________
A) number of discouraged workers decreases B) unemployment rate decreases C) employment-to-population ratio increases D) number of marginally attached workers increases
If money income increases, a consumer's budget line
A) becomes flatter. B) becomes steeper. C) shifts rightward and its slope does not change. D) shifts leftward and its slope does not change.
Before the nation's first transcontinental railroad was completed, travelers to the Pacific Coast used which forms of transportation?
a. ship, wagon b. dugout canoe, dirigible c. horse d. All of the above are correct.