“Near monies” are
A. stocks, bonds, and real estate.
B. U.S. notes and Federal Reserve notes.
C. included in the M1 definition of the money supply.
D. liquid assets that are close substitutes for money.
E. All of these responses are correct.
Answer: D
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Starting from long-run equilibrium, a decrease in autonomous investment results in ________ output in the short run and ________ output in the long run.
A. lower; potential B. higher; higher C. higher; potential D. lower; higher
The smaller a country is, the less of an ability it has to export a portion of the burden of an import tariff to other countries.
Answer the following statement true (T) or false (F)
What are the major economic effects of rent ceilings?
What will be an ideal response?
Because firms in an oligopoly are interdependent, they attempt to maximize revenues rather than profits
a. True b. False