During the Iraq War, the U.S. government continued to borrow funds and yet the interest rate was steady or slightly declined. What could explain this?
A) The U.S. crowded out private saving.
B) The U.S. crowded out private borrowing.
C) The supply of loanable funds increased by a greater proportion than demand increased.
D) The supply of loanable funds increased by a smaller proportion than demand increased.
C
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What do increases in consumer and business confidence lead to?
a. Higher consumption and lower investment demand b. Lower consumption and investment demand c. Higher consumption and investment demand d. Lower consumption and higher investment demand
If Honda (a Japan-based firm) produces a car in Ohio and exports it to Japan, in which country's GDP will the car be counted?
a. Japan's, because Honda is a Japanese company b. Japan's because that is where the car is purchased c. The GDP of the United States because that is where it was built d. Both Japan and the United States
____ of the price drops it has recorded happened on Tuesday and ___ on Wednesday.
Fill in the blank(s) with the appropriate word(s).
Refer to the information provided in Table 19.3 below to answer the question that follows.
Table 19.3 
Refer to Table 19.3. The tax rate structure in this example is
A. proportional. B. progressive. C. regressive. D. marginal.