A realtor in the real estate market is an example of
A. an end user in a matchmaking market.
B. an end user in a shared-input market.
C. a platform in a shared-input market.
D. a platform in a matchmaking market.
Answer: D
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The slope of the LM curve will be steeper the __________ is the income-sensitivity of the demand for money and the __________ is the interest-sensitivity of the demand for money
A) less; less B) less; greater C) greater; less D) greater; greater
Anna recently graduated from college with a degree in electrical engineering, but she has not yet started working. To be counted as "unemployed" she
a. does not have to have looked for work. b. must have looked for work no more than a week ago. c. must have looked for work no more than four weeks ago. d. must have looked for work no more than twelve weeks ago.
Keynesian monetary theory:
a) is the same as the classical theory in all essential elements. b) states that changes in the money supply have no impact on GDP in either the short or long run. c) states that an increase in the money supply leads to lower interest rates, which stimulates investment and aggregate demand. d) states that an increase in the money supply will lower interest rates and thereby shift the long-run aggregate supply curve to the right.
The marginal cost of producing a good to society is the:
A. vertical sum of the demand curve and the marginal cost of polluting. B. horizontal sum of the supply curve and the marginal cost of polluting. C. horizontal sum of the demand curve and the marginal cost of polluting. D. vertical sum of the supply curve and the marginal cost of polluting.