In the loanable funds market which of the following is true?
a. Borrowers represent supply and government represents demand.
b. Borrowers represent supply and banks represent demand
c. Banks represent supply and savers represent demand.
d. Savers represent supply and borrowers represent demand.
d
Economics
You might also like to view...
To analyze monopolistic competition in trade, we make several assumptions about the market. Which of the following is NOT an assumption of monopolistic competition?
a. many firms in the industry b. easy entry and exit c. constant long-run average cost d. increasing returns to scale, falling long-run average cost
Economics
Why do firms in monopolistic competition operate with excess capacity?
What will be an ideal response?
Economics