The interest rate thought to have the most important impact on aggregate demand is the
A) short-term interest rate.
B) T-bill rate.
C) rate on 90-day CDs.
D) long-term interest rate.
D
Economics
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Which of the following is TRUE regarding a collusive agreement? I. It is illegal in the United States. II. Two or more producers agree to restrict output or raise prices. III. Firms' profits are never maximized under this sort of agreement
A) I and II B) I and III C) II and III D) I, II and III
Economics
Describe the graph for a long-run supply curve in a decreasing-cost industry. Why does it have this slope?
What will be an ideal response?
Economics