The interest rate falls when either the demand for bonds ________ or the supply of bonds ________
A) increases; increases
B) increases; decreases
C) decreases; decreases
D) decreases; increases
B
Economics
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Which of the following is an example of technological progress?
A) the invention of the air conditioner B) the invention of LCD televisions C) an increase in corn output resulting from genetic engineering D) all of the above
Economics
Why does a high interest rate discourage people from holding their money in cash?
(A) They are fearful of inflation. (B) They cannot be sure that cash will hold its value. (C) They are more concerned that it will be stolen. (D) They can earn interest on the cash if it is invested.
Economics