Funds flow from lenders to borrowers
A) indirectly through financial markets.
B) directly through financial intermediaries.
C) indirectly through financial intermediaries.
D) primarily through government agencies.
C
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Investors in which two countries accounted for about 25 percent of all foreign purchases of U.S. stocks and bonds in 2015?
A) Japan and the United Kingdom B) China and Canada C) Japan and China D) Canada and the Cayman Islands
Assume that the substitution effect dominates the income effect. When workers experience a positive price surprise, they
A. correctly perceive that their real wage rate has fallen, which leads them to work fewer hours. B. correctly perceive that their real wage rate has risen, which leads them to work more hours. C. incorrectly perceive that their real wage rate has fallen, which leads them to work fewer hours. D. incorrectly perceive that their real wage rate has risen, which leads them to work more hours.