The demand for loanable funds is:. a. vertical, because it is non-responsive to interest rates.
b. horizontal, because firms are infinitely sensitive to interest rates.
c. upward-sloping, because at higher interest rates the opportunity cost of holding money increases.
d. savings, because households borrow more than firms.
e. investment, because firms are (on the aggregate) net borrowers.

4. the condition requires that only one of the selected criteria be true for a record to be displayed.

What part of the rational model of decision-making does the former business executive “elliott” have a problem completing?

Which of the following statements is (are) true? i. free entry to a perfectly competitive industry results in the industry's firms earning zero economic profit in the long run, except for the most efficient producers, who may earn economic rent. ii. in a perfectly competitive market, long-run equilibrium is characterized by lmc < p < latc. iii. if a competitive industry is in long-run equilibrium, a decrease in demand causes firms to earn negative profit because the market price will fall below average total cost.