If the budget deficit increases then
a. saving and the interest rate rise.
b. saving rises and the interest rate falls.
c. saving falls and the interest rate rises.
d. saving and the interest rate fall.
c
Economics
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Five of the 12 members of the Federal Open Market Committee (FOMC) must be _____.
(A) Bank presidents from Federal Reserve Districts. (B) From the Federal Advisory Council (FAC). (C) Appointed by the chair of the Board of Governors. (D) Elected by the Board of Governors.
Economics
Figure 9.2 shows the cost structure of a firm in a perfectly competitive market. If the market price is $10 and the firm chooses the profit maximizing output level, its profit is:
A. $1,000. B. $800. C. $720. D. $200.
Economics