In the market for money, the demand curve is made up of
A. savers.
B. neither borrowers nor savers.
C. borrowers.
D. a combination of borrowers and savers.
Answer: C
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To measure the effect of debt in an economy, economists use a standard measure which involves the ________ relative to the GDP
A) stock of debt B) stock market activity C) outstanding government bonds D) capital stock of equipment
Why did the U.S. price of imports of compact trucks (like the Toyota Tacoma) not increase by 25% when the U.S. Customs Service reclassified them as "complete or unfinished trucks" with a tariff of 25%?
a. U.S. truck dealers that retailed imported compact trucks lowered their retail prices and absorbed part of the tariff. b. U.S. consumers negotiated lower retail prices from U.S. truck dealers selling imported compact trucks. c. The U.S. government decided not to collect the 25% tariff on imported Japanese compact trucks and instead made them subject to voluntary export restraints. d. Japanese truck manufacturers lowered their prices on trucks sold in the U.S. market and absorbed part of the tariff.