Unlike the New York Stock Exchange, NASDAQ is an electronic stock market with trades executed through a sophisticated computer and telecommunications network.
Answer the following statement true (T) or false (F)
True
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For a competitive equilibrium in a two-period model, all of the following must be true except
A) each consumer picks first- and second-period consumption given the real interest rate. B) there must be an equal number of borrowers and lenders. C) the government's present-value budget constraint holds. D) the credit market clears.
The increase in output that results when one more unit of a variable input is hired is called
A) total physical product. B) marginal physical product. C) average physical product. D) marginal revenue.
Aggregate demand is _____________.
Fill in the blank(s) with the appropriate word(s).
A small soybean crop in South America would
A. increase the price of soybean meal. B. decrease the price of soybeans. C. increase the crush margin of soybean processors. D. increase the demand for soybean meal.