A decrease in the supply of money, other things being equal, will raise the equilibrium interest rate
a. True
b. False
Indicate whether the statement is true or false
True
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Which of the following are not thrift institutions?
A) Savings and loan associations (S&Ls) B) Mutual savings banks C) Money market mutual funds D) Credit unions
Refer to the payoff matrix below. Which of the following is true for Bright Lights?
A) Their dominant strategy is to set a Low Price.
B) They do not have a pure strategy.
C) They do not have a dominant strategy.
D) Their dominant strategy is to set a High Price.
The long-run market supply curve for an increasing-cost, perfectly competitive industry
a. is horizontal b. slopes upward c. is the portion of its marginal cost curve above the minimum point on its average variable cost curve d. is the portion of its marginal cost curve above the minimum point on its average total cost curve e. is vertical
If expected inflation were 5%, and the real interest rate was 3%, what sector would be worse off if the actual inflation rate turned out to be 2%
a. Businesses. b. Laborers. c. Both. d. None.