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Author Question: In the figure above, if the interest rate is 8 percent, people demand 0.1 trillion A) less money ... (Read 61 times)

Bob-Dole

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on: Jun 29, 2018
In the figure above, if the interest rate is 8 percent, people demand 0.1 trillion
 
  A) less money than the quantity supplied and the interest rate will rise.
  B) less money than the quantity supplied and the interest rate will fall.
  C) more money than the quantity supplied and the interest rate will fall.
  D) more money than the quantity supplied and the interest rate will rise.

Question 2

In the figure above, point D is
 
  A) less production efficient than point C.
  B) production efficient and point A is not production efficient.
  C) not production efficient and point B is production efficient.
  D) production efficient and point B is not production efficient.


Liamb2179

  • Sr. Member
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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


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