If a recession were to reduce the demand for loans, ceteris paribus,
A) the interest rate will increase.
B) the interest rate will not change.
C) the interest rate will decrease.
D) the number of loans will increase.
C
Economics
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Assume that for a particular firm's output price = $80, marginal cost = $30, average total cost = $25. This information suggests that the firm in question has:
A) no market power. B) very little market power. C) a fair degree of market power. D) absolute market power.
Economics
Perfect competition is the term used to describe
a. an industry in which all businessmen are honest and accommodating. b. an industry in which numerous firms produce identical products. c. an industry untouched by government regulation. d. the kind of industry any American would support.
Economics