Velocity is ________ if the demand for money depends on the interest rate.
A. infinite
B. zero
C. constant
D. not constant
Answer: D
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"Your college didn't choose to admit you as a student." Your textbook authors make such a statement in order to
A) offend you. B) confuse you. C) remind you that beggars can't be choosers. D) emphasize that choices are made by particular individuals, even if they are in the name of organizations.
Oligopolistic firms that practice sales revenue maximization will produce
a. more and charge less than a profit maximizer. b. less and charge more than a profit maximizer. c. more and charge more than a profit maximizer. d. less and charge less than a profit maximizer.
Supply-siders ignore the effects of tax cuts on
A. aggregate demand. B. aggregate supply. C. aggregate demand and aggregate supply. D. none of these.
What is a private cost of production? What is a social cost of production? When is the private cost of production equal to the social cost of production?
What will be an ideal response?