MicroeconomicsAddison-Wesley, 1994 - 655 ˹éÒ |
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... Loans Loans Financial intermediaries Capital markets : stocks , bonds , and loans Firms Households , firms , and financial intermediaries have extensive interac- tions in capital markets . Households purchase stocks and bonds , make ...
... Loans Loans Financial intermediaries Capital markets : stocks , bonds , and loans Firms Households , firms , and financial intermediaries have extensive interac- tions in capital markets . Households purchase stocks and bonds , make ...
˹éÒ 473
... loans and " risky borrowers " in part ( b ) are those who attempt to evade loan repay- ments and impose higher costs on the lender . The demand curves in the two markets are D , and D ,. If the bank can sort borrowers into no - risk ...
... loans and " risky borrowers " in part ( b ) are those who attempt to evade loan repay- ments and impose higher costs on the lender . The demand curves in the two markets are D , and D ,. If the bank can sort borrowers into no - risk ...
˹éÒ 474
... loan business forces interest rates down below the rate on risky loans . In the absence of any further changes , the interest rate will fall until the banks are incur- ring losses on risky loans and making profits on no- risk loans that ...
... loan business forces interest rates down below the rate on risky loans . In the absence of any further changes , the interest rate will fall until the banks are incur- ring losses on risky loans and making profits on no- risk loans that ...
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amount average benefit budget calculate called capital cars CHAPTER choices cloth competitive consumer consumption corn cost curve countries decreases demand curve depends determined dollars economic effect elasticity elasticity of demand equal equilibrium example expected Explain factor falls Figure firms future given graph higher hour household illustrates important income increases individual industry input interest labor less long-run look loss lower marginal cost marginal revenue marginal utility measured million monopoly month opportunity cost output percent percentage person possible preferences problem production profit quantity demanded questions regulation relationship rent result rises scale sell shifts short-run shown shows slope soda sold substitution supply curve sweaters tapes theory things tion total cost trade units utility variable wage wage rate wealth week workers