The velocity of money increases with a _____, other things constant
a. fall in the inflation rate
b. rise in the inflation rate
c. rise in the employment rate
d. fall in the exchange rate
e. rise in the real interest rate
b
You might also like to view...
If net taxes are included in the model, the equation that shows consumption at each level of income is: C = a + b(Y - T) or C = a + bY - bT
a. True b. False
Producers and consumers drive the economy of a
a. Communist economic system b. market economic system c. command economic system d. traditional economic system
Because a monopolistic competitor has some monopoly power, advertising to increase that monopoly power makes sense as long as:
A. the marginal cost of advertising is positive. B. the marginal cost of advertising exceeds the marginal benefit of advertising. C. the marginal benefit of advertising is positive. D. the marginal benefit of advertising exceeds the marginal cost of advertising.
Prices in the Bertrand model are
A. the same as prices under a shared monopoly. B. the same as prices would be in the perfectly competitive case. C. slightly higher than prices would be under a shared monopoly. D. slightly higher than prices would be in the perfectly competitive case.