Which would likely increase the average level of interest rates for auto loans? Select one: a. An increase in inflation. b. An increase in the unemployment rate. c. A decrease in the level of business investment. d. A decrease in the amount of consumer spending.
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Which would likely increase the average level of interest rates for auto loans? Select one:
a. An increase in inflation.
b. An increase in the
c. A decrease in the level of business investment.
d. A decrease in the amount of consumer spending.
Step by step
Solved in 4 steps
- Write TRUE if the statement is right and FALSE if it is wrong: _____ 4. Inflation is the same with interest rate when you determine their percentage rates. _____ 5. Economics is NOT an abstract science. _____ 6. The model supply and demand is use to assess the potential impact of changes in the price that you charge for products and services.increase or decrease?please help! rate will be given! write the solutions legibly and correctly. ECONOMICS
- What does education premium refer to? a.The studying effort that students put in while studying b.The tuition that students pay for their education c.The taxes students’ parents pay d.The additional income earned as a result of additional educationWhen the interest rate decreases, a)people would want to lend more, making the supply of loanable funds increase. b)people would want to lend less, making the supply of loanable funds decrease. c)people would want to lend more, making the quantity of loanable funds supplied increase. d)people would want to lend less, making the quantity of loanable funds supplied decrease.If there is a surplus of loanable funds, then the quantity of loanable funds a. supplied is greater than the quantity of loanable funds demanded and the interest rate is above equilibrium. b. demanded is greater than the quantity of loanable funds supplied and the interest rate is above equilibrium. c. demanded is greater than the quantity of loanable funds supplied and the interest rate is below equilibrium. d. supplied is greater than the quantity of loanable funds demanded and the interest rate is below equilibrium
- A transfer payment is Select one: a.a form of government spending that is not made in exchange for a currently produced good or service. b.the benefit that a person receives from an expenditure by government minus the taxes that were collected by government to fund that expenditure. c.a payment for moving expenses a worker receives when he or she is transferred by an employer to a new location. d.a payment that is automatically transferred from your bank account to pay a bill or some other obligation.Interest rates: why are interest rates increasing on student loans or mortgages?lower interest rates are anticipated to have a positive impact on the economy a. Reduce your consumption b. Increase borrowing cost c. Encourage people to save d. Increase the amount of money borrowed and spent
- Predict how each of the following economic changes will affect the equilibrium price and quantity in the financial market for home loans. Sketch a demand and supply diagram to support your answers. a. The number of people at the most common ages for home-buying increases. b. People gain confidence that the economy is growing and that their jobs are secure. c. Banks that have made home loans find that a larger number of people than they expected are not repaying those loans. d. Because of a threat of a war, people become uncertain about their economic future. e. The overall level of saving in the economy diminishes. f. The federal government changes its bank regulations in a way that makes it cheaper and easier for banks to make home loans.The economy experiences an increase in the price level and a decrease in real domestic output. What is a likely explanation? Select one: a. government expenditures decreased b. resource prices have increased c. productivity has increased d. business taxes have decreasedSuppose you have 6000 dollars in savings when the price index is at 100 (a) If inflation pushes the price level up by 10 percent, what will be the real value of your savings? (b) What is the real value of your savings if the price level declines by 5 percent?