The market in which the equilibrium level of the interest rate is determined is the

A) money market.
B) goods market.
C) labor market.
D) services market.

Ans: A) money market.

Economics

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The telephone is an example of a product with network externalities

Indicate whether the statement is true or false

Economics

Refer to the data. Diminishing returns begin to occur with the hiring of the _________ unit of labor



Use the following data to answer the question:

A. first
B. second
C. third
D. seventh

Economics