An individual who continuously bids for securities that investors want to sell and offers securities that investors want to buy is known as a(n)
A) dealer.
B) auctioneer.
C) broker.
D) underwriter.
A
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Suppose that the federal budget is balanced when GDP is at potential GDP. If equilibrium GDP falls below potential,
A) this will result in a current budget deficit. B) government transfer payments will be rising and tax receipts will be falling. C) the cyclically adjusted budget will be balanced. D) All of the above are correct.
A public good is
a. always depletable and excludable. b. always depletable and often excludable. c. never depletable and always excludable. d. never depletable and always nonexcludable.
Which of the following is not true for a monopoly?
A.) The demand curve for the monopoly and the market are the same. B.) It has no direct competitors. C.) It can use its market power to charge higher prices than a competitive firm. D.) It is a price taker.
A shift of the demand curve for thin-crust pizza would not be caused by a change in:
What will be an ideal response?