Lowering the interest rate will
A) decrease spending on consumer durables.
B) increase investment projects by firms.
C) decrease spending on new homes.
D) decrease the value of the dollar and lower net exports.
Answer: B
Economics
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Dividing the total cost of n units of an activity by n reveals the:
A. average benefit. B. units per cost. C. marginal cost. D. average cost.
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Financial intermediaries are important because
A. they increase costs for banks. B. they employ large numbers of people. C. they bring lenders and borrowers together in a way that lowers transaction costs. D. they provide large funds to the stock market.
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