Refer to Scenario 12.3. What will be the price of this new drink in the long run if the industry is a Stackelberg duopoly?
A) $3
B) $9
C) $12
D) $13.50
E) none of the above
E
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If reserves in the banking system increase by $100, then checkable deposits will increase by $400 in the simple model of deposit creation when the required reserve ratio is
A) 0.01. B) 0.10. C) 0.20. D) 0.25.
Which of the following statements is (are) correct? Regardless of whether the LM curve is vertical or upward sloping,
a. a money stock target is superior to an interest rate target when the uncertainty facing the policymaker concerns the IS schedule. b. an interest rate target is always superior to a money stock target when the uncertainty facing the policymaker concerns the IS schedule. c. both a money stock target or interest rate target provide the same results when the uncertainty facing the policymaker concerns the IS schedule. d. a money stock target is never superior to an interest rate target when the uncertainty facing the policymaker concerns the IS schedule.
The impact of the Great Recession is clear when one observes negative Real GDP growth for
A. all of the years from 2007 to 2010. B. 2008 only. C. 2008 and 2009. D. 2009 only.
Hardware, software, and wetware refer to
A. financial resources, buildings, and overhead. B. buildings, computers, and financial resources. C. fixed costs, variable costs, and liabilities. D. physical assets, "intangible" assets such as its advertising strategies, and human resources.