The balance sheet channel describes ways in which interest rate changes resulting from monetary policy affect
A) the portfolio decisions of households.
B) the portfolio decisions of businesses.
C) borrowers' net worth.
D) lenders' net worth.
C
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In the figure above, the quantity of sugar beets produced is ________ million tons per year, and the quantity bought by consumers is ________ million tons per year
A) 30; 20 B) 20; 30 C) 25; 20 D) 20; 25 E) 25; 25
A shift in supply means a change in the quantity supplied at _______ price(s).
a. low b. high c. no d. every
A non-discriminating monopolist's price equals its marginal revenue only when
A. marginal revenue is zero. B. output is zero. C. total revenue is a maximum. D. the monopolist's demand schedule intersects the horizontal (quantity) axis.
Which model of oligopoly results in the greatest efficiency?
A. collusion model B. contestable markets model C. Cournot model D. price leadership model