The "loanable funds market" is a term used by economists to describe the
a. demand for goods and services by households.
b. market that includes resources such as labor and capital.
c. supply of goods and services by firms.
d. market that coordinates the borrowing and lending of individuals and firms.
D
Economics
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Certain religious texts prohibit charging interest to people who borrow. This is a form of
a. minimum pricing b. rationing c. target pricing d. price ceiling e. price floor
Economics
If the average income of the consumers of Good A increased from $400 to $440, and the quantity demanded of Good A increased from 1,200 units to 1,300 units, then the income elasticity of demand for Good A is equal to:
a. 1.65. b. 1.16. c. 0.35. d. 0.84.
Economics