If the Equilibrium Rate of Interest Would Be 10 Percent

question 113

Multiple Choice

If the equilibrium rate of interest would be 10 percent, but the usury law sets 8 percent,

• A)the quantity of funds supplied would be greater than the quantity demanded.
• B)economic efficiency would be promoted.
• C)some applicants for loans would likely be turned down.
• D)lenders would be able to fund fully all requests for loans.

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Definitions:

Attrition

The process of reducing the workforce through voluntary or involuntary departures, not including layoffs due to external factors.

Signs Persuasion

A technique or process of influencing individuals' attitudes, beliefs, or behaviors through the use of symbols, words, or signals.

Symbols Power

The influence and authority derived from the use or interpretation of symbols, often within a cultural, social, or organizational context.

Tangible Symbols

Physical objects or representations that have specific meanings or significance within a particular context or culture.