The quantity theory of money addresses the
A) long-run effect the quantity of money has on the price level.
B) determinants of potential GDP.
C) determinants of the equilibrium unemployment rate.
D) short-run effect the quantity of money has on the price level.
A
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The most difficult type of merger to attack under the antitrust laws is the _________ merger
a. horizontal b. vertical c. conglomerate d. joint venture e. per se
Rent ceiling
What will be an ideal response?
The marginal propensity to consume (MPC)
A) shows the percentage of real disposable income consumed at each level of income. B) shows how much of an extra dollar of real disposable income is spent. C) shows how much real disposable income changes when consumption falls. D) is greater than 1 only if the marginal propensity to save is greater than 1.
A very high fixed cost and a relatively low marginal cost is associated with
A) every type of good or product. B) an information product. C) a persuasive good. D) an experience good.