There Are So Few

question 46

Multiple Choice

There are so few .400 hitters in baseball now than 75 years ago because:

• A)the rules of the games put batters at a disadvantage now.
• B)there is more specialization in the outfield than there used to be.
• C)baseball players are not as good as they used to be.
• D)baseball players are paid too much now.

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Definitions:

Interest Rate

The proportion of a loan that is charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.

Market Interest Rate

The prevailing rate at which borrowers are willing to borrow money and lenders are willing to lend money in the free market.

Money Demand Curve

A graph that shows the relationship between the quantity of money demanded and the interest rate.

Money Demand

The desire or need to hold money as opposed to investing it, influenced by interest rates and economic activity.