Governments, not markets, have the best record of allocating investment resources into those projects with the highest expected rate of return

As the baby boomer generation retires and takes money out of their retirement accounts, what is expected to happen to the interest rate, ceteris paribus?

A) It will increase. B) It will not change. C) It will decrease. D) It will decrease because of demand-side shocks.

If the demand in a perfectly competitive market decreases, the price will:

A. temporarily increase. B. temporarily decrease. C. increase permanently. D. decrease permanently.