The so-called risk-free rate essentially measures the investors':
A. Risk aversion
B. Risk preference
C. Time preference
D. Expected rate of return
C. Time preference
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Which of the following financial institutions does NOT have to meet minimum reserve ratios?
i. the Fed ii. commercial banks iii. credit unions A) i only B) ii only C) iii only D) ii and iii E) i, ii, and iii
The presence of wage and price controls in the United States during WWII:
A. helped to reduce the inflationary pressures created by contractionary fiscal policy. B. had little impact on inflation because of the Depression. C. helped to reduce the inflationary pressures created by expansionary fiscal policy. D. was not successful in reducing inflation during this period.
Costs which increase with an increase in output are called
A. changeable costs. B. variable costs. C. fixed costs. D. unchangeable costs.
The monopolist's input demand curve is equal to its
A. marginal cost curve. B. average cost curve. C. variable cost curve. D. marginal revenue product curve.