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Author Question: Refer to Figure 22-5. Based on the catch-up line drawn above, poorer countries are more likely to be ... (Read 30 times)

nelaaney

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on: Jun 29, 2018
Refer to Figure 22-5. Based on the catch-up line drawn above, poorer countries are more likely to be at a point like ________, where growth in GDP is relatively ________, while richer countries are more likely to be at a point like ________, w
 
  growth in GDP is relatively ________.
  A) B; high; A; low B) B; low; A; high C) A; high; B; low D) A; low; B; high

Question 2

The demand for loanable funds has a ________ slope because the lower the interest rate, the ________ number of investment projects are profitable, and the ________ the quantity of loanable funds demanded.
 
  A) negative; greater; greater B) negative; lesser; greater
  C) negative; greater; lesser D) positive; lesser; lesser


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Shshxj

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


nelaaney

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Reply #2 on: Jun 29, 2018
Thank you


Shshxj

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Reply #3 on: Jun 29, 2018
No problemo


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