If interest rates rise by 5 percentage points, say from 10 to 15%, bank profits (measured using gap analysis) will
A) decline by $0.5 million.
B) decline by $1.5 million.
C) decline by $2.5 million.
D) increase by $2.0 million.
A
Economics
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In the Keynesian view, a reduction in the marginal income tax rate would cause
a. output to rise and the price level to fall. b. both output and the price level to rise. c. output to rise with the price level unchanged. d. the price level to rise with output unchanged.
Economics
The perfectly competitive firm's demand curve has
A) a negative slope. B) a positive slope. C) a slope of infinity. D) a slope of 0.
Economics