When there is excess supply of a product in a market,
a. price will tend to rise.
b. price must be above the equilibrium price.
c. producers will expand output and sales will rise.
d. price must be below the equilibrium price.
B
Economics
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An increase in the supply of bank loans ________ the supply of loanable funds so the real interest rate ________ and investment ________
A) increases; rises; increases B) decreases; falls; increases C) increases; falls; increases D) increases; falls; decreases E) decreases; rises; increases
Economics
Consumption spending that is independent of the level of disposable income is known as:
a. marginal consumption. b. transitory consumption. c. permanent consumption. d. relative consumption. e. autonomous consumption.
Economics