When borrowers know more than lenders about the future prospects of a project to be undert
A.moral indignation
B.default risk
C.free riding
D.asymmetric information
A.moral indignation
B.default risk
C.free riding
D.asymmetric information
A、understanding a speech
B、reading a book aloud
C、understanding a paragraph of text
D、humming a song
A.an increase in the supply of money and a decrease in the velocity of money
B.a decrease in the supply of money and an increase in the velocity of money
C.the inverse relationship between the supply of money and nominal GDP
D.deficit financing which increases interest rates and reduces investment
A.Because it can essentially print money.
B.Because it needs to finance large projects and expansions.
C.Because it needs to finance short term items like account receivables and inventories.
D.All of the above.
A.an acceleration of the rate of increase in the price level
B.an increase in the productivity of business firms and labour
C.a decrease in the rate of inflation
D.no actual change in the price level but an increase in the level of unemployment
A.a reduction in the equilibrium interest rate and an increase
B.an increase in the equilibrium interest rate and a reduction
C.no change in the equilibrium interest rate but a decrease
D.an increase in the equilibrium interest rate but no change
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