When the credit demand curve is relatively steep:
A) the quantity of credit demanded is relatively sensitive to changes in the tax rates.
B) the quantity of credit demanded is not very sensitive to changes in the real interest rate.
C) the quantity of credit demanded is relatively sensitive to changes in the real interest rate.
D) the quantity of credit demanded is not very sensitive to changes in the tax rates.
B
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If the population increases, the market demand for most products will
A) not change. B) depend on supply. C) decrease. D) increase.
According to the data on real U.S. GDP,
a. economic growth has been irregular, with periodic downturns. b. economic growth has been consistent, with few downturns. c. economic growth has been extremely rapid, but with major collapses. d. economic growth has been elusive, but downturns have been eliminated.