A nation can determine how close it is to the classical range by considering its:

If a bank has ________ rate-sensitive assets than liabilities, a ________ in interest rates will reduce bank profits, while a ________ in interest rates will raise bank profits

A) more; rise; decline B) more; decline; rise C) fewer; decline; decline D) fewer; rise; rise

Consider a particular market-clearing price and quantity under a perfectly competitive equilibrium. As the demand curve at this point becomes more inelastic, the consumer surplus in the market tends to:

A) increase. B) decrease. C) remain the same. D) We do not have enough information to answer this question.