Managers can be seen as monitoring ____ within the firm
A) externalities.
B) property rights
C) stockholders.
D) accounting profits.
B
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Economists initially viewed the Phillips curve as a structural relationship, meaning that the relationship between the two measured variables
A) can change only slightly over time. B) can change greatly over time. C) will not change over time. D) will change in the short run but not in the long run.
According to the Keynesian model of the money market, the supply of money
a. depends on the interest rate. b. is chosen by the central bank. c. varies with the price level. d. varies with income.
A change in income will
a. affect the demand for candy through the income effect of a price change b. affect the quantity demanded of candy through the income effect of a price change c. shift the demand curve for candy d. have no effect on the demand for candy, because income is assumed constant along a demand curve e. affect quantity demanded only if candy is a normal good
A movement along a consumption function is caused by a change in
a. households' real assets b. interest rates c. taxation policy d. expectations of price changes e. households' incomes