Desirable property of money
Scarcity, portability, divisibility
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The complete wage and price flexibility of the real business cycle framework implies that ________
A) the velocity of money is a constant B) the velocity of money times the money supply is equal to the nominal value of transactions over a given period of time C) aggregate output always equals potential output D) sustained economic contractions, like the Great Depression, cannot occur in real, historical time
If the SRAS curve intersects the AD curve to the left of Natural Real GDP, the economy is
A) in a recessionary gap. B) at Natural Real GDP. C) in an inflationary gap. D) at full-employment Real GDP.
The marginal cost curve intersects the average total cost curve in monopolistic competition:
A. at the minimum average total cost. B. at the market price. C. to the right of the minimum average total cost. D. to the left of the minimum average total cost.
Assume that the listed amounts constitute this bank's complete set of accounts. Moolah's:
Answer the question on the basis of the following information for the Moolah Bank.
A. assets are $1,000.
B. liabilities are $1,000.
C. net worth is zero.
D. profit is $1,000.