Suppose the market-clearing interest rate on loans is 12%, but law-makers impose an 8% interest rate ceiling. The new law will tend to
A) increase the supply of loans.
B) decrease the supply of loans.
C) increase the demand for loans.
D) decrease the demand for loans.
E) do none of the above.
E
Economics
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The share of the labor force that was unionized increased from approximately 10 percent in 1930 to more than 30 percent in 1955 . During these 25 years, the share of national income allocated to labor (in contrast to capital)
a. remained virtually constant. b. increased approximately 10 percent. c. increased between 15 and 25 percent. d. increased 17.6 percent.
Economics
A job candidate refusing to take a drug test for a potential employer is an example of:
A. screening. B. building a reputation. C. signaling. D. principles-based behavior.
Economics