List the characteristics of a perfectly competitive market
What will be an ideal response?
(1.) Many firms, each small relative to the size of the market.
(2.) Homogeneous products.
(3.) Many households, each small relative to the market.
(4.) Households and firms possess all the information they need to make market choices.
Economics
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In 2010, the United States and foreign economies start to recover from the recession. U.S. firms increase their profit expectations. As a result, the demand for loanable funds curve shifts ________ and the real interest rate ________
A) leftward; decreases B) rightward; decreases C) leftward; increases D) rightward; increases
Economics
Contractionary monetary policy increases the federal funds rate
Indicate whether the statement is true or false
Economics