Which of the following facilitates investor diversification by purchasing a range of stocks or bonds from different companies?
a. Mutual fund
b. Financial intermediary
c. Public company
d. Investment banker
a. Mutual fund
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When inflation equals the value determined by past expectations and pricing decisions and output equals the level of short-run equilibrium output consistent with that inflation, the economy is said to be in ________ equilibrium.
A. full-employment B. potential C. short-run D. long-run
If the NCAA prohibits colleges and universities from offering more than room, board, and tuition to outstanding high school football and basketball players, the recruitment practices of athletic departments will
A) adhere more closely to high ethical standards. B) become constantly more complex and costly. C) make the athletes better off in the long run. D) make the athletes better off in the short run. E) shift to favoring academic ability over athletic ability.
An increase in the price of a good will lead to an increase in the quantity supplied.
a. true b. false
If the price level is initially at P1, then the economy will adjust by:
Refer to the graph above
A. Increasing output produced
B. Decreasing the GDP produced
C. Reducing the price level
D. Increasing the total output demanded