If a recession were to reduce the demand for loans, ceteris paribus,
A) the interest rate will increase.
B) the interest rate will not change.
C) the interest rate will decrease.
D) the number of loans will increase.
C
Economics
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The above table shows Sue's total utility from golf and tennis. If the price of each hour of golf is twice the price of each hour of tennis, and Sue plays four hours of tennis, then Sue plays
A) one hour of golf. B) two hours of golf. C) three hours of golf. D) four hours of golf.
Economics
The delay between the time a policy is enacted and the time the policy has its effect on the economy is called
A) the impact lag. B) the implementation lag. C) the government lag. D) the recognition lag.
Economics