The real interest rate is the rate at which borrowers or lenders ________ to make transactions when issuing or receiving loans
A) are required B) refuse
C) expect D) can only obtain from a financial intermediary
C
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Suppose a graph with Ron's weight on the vertical axis and his consumption of ice cream on the horizontal axis indicated that for each serving of ice cream he ate, Ron would gain 3 pounds, regardless of how much ice cream he had already eaten. This graph would show a
a. horizontal line at weight = 3 b. straight line with slope = 3 c. straight line with slope = 1/2 d. straight line with slope = -3 e. straight line with slope = -1/3
In the short run, expansionary fiscal policy usually will
A. increase real GDP and decrease the price level. B. decrease the price level and increase real GDP. C. increase both real GDP and the price level. D. decrease both real GDP and the price level.