An increase in the market interest rate, other things equal, will _____
Fill in the blank(s) with the appropriate word(s).
reduce the amount invested because the opportunity costs of investing will be higher.
Economics
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If Pepsi goes on sale and decreases its price by 10 percent, and as a result, the quantity demanded of Coca Cola decreases by 5 percent, then Pepsi and Coke are ________ goods
A) inferior B) normal C) substitute D) complementary E) unrelated
Economics
Which of the following is ALWAYS true for a perfectly competitive firm?
A) P = MR B) P = ATC C) MR = ATC D) P = AVC
Economics